Photo Gallery
Property Overview
Doc Center
Privacy
Terms of Use
12151 N. IH 35- Austin, TX 78753
PROPERTY OVERVIEW
Silver Springs Apartment Homes is a 360-unit affordable housing community located in Austin, TX. The property is conveniently located minutes from major retailers, including H-E-B and the shops at Tech Ridge. Numerous restaurants, entertainment, outdoor recreation areas, and major transportation arteries are nearby as well.
The property was built in 1996 and rehabbed and placed in service in 2014 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 60% of the Area Median Income (AMI) limits, which are provided by the Texas Department of Housing and Community Affairs.
Silver Springs Apartment Homes is comprised of one, two, three, and four bedroom apartment homes featuring energy efficient appliances and HVAC, extra storage, washer/dry connections, ceiling fans, and both carpet and wood plank vinyl flooring. Units also feature all electric kitchens with a dishwasher, microwave, refrigerator with ice-maker, and pantry. The community offers a swimming pool, fitness center, basketball court, YMCA after school programs, on-site laundry facility, picnic area with BBQ grills, and playground. Additional amenities include professional on-site maintenance and management.
Silver Springs Apartment Homes offers one, two, three, and four bedroom affordable floorplans and is conveniently located near the I-35, offering residents easy access to Downtown Austin, Employment Corridors, Entertainment, Recreation, Restaurants, and Major Retail Centers.
Downtown Austin is the economic, governmental, and cultural center of Central Texas that continues to drive opportunities for innovation, collaboration, recreation, arts, and culture that benefit the entire region.
One of the top universities in the United States, the 430-acre campus at The University of Texas at Austin has been a catalyst for economic activity for the Greater Austin area.
Austin is one of the fastest growing markets in the country with the fourth largest population increase from July 2020 to July 2021, jumping over 2.3% in that time period.
INVESTMENT HIGHLIGHTS
Contacts and Office Locations
BACK TO TOP
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
601 Union St.
Suite 3909
Seattle, WA 98101
SEATTLE OFFICE
Photo GALLERY
Contact
Property Overview
Investment Highlights
Photo Gallery
Doc Center
Contact
Terms of Use
Privacy
Investment Highlights
Caleb Troop
Managing Director
Multi-Family
xxx.xxx.xxxx
caleb.troop@berkadia.com
NC License #
INVESTMENT ADVISORS
Adam Tomberg
Director
Affordable Housing
425.999.1152
adam.tomberg@berkadia.com
WA License #: 22019732
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@berkadia.com
WA License #26367
Brandon Grisham
4201 Congress St.
Suite 200
Charlotte, NC 28209
Charlotte OFFICE
PROPERTY Stats
360
UNITS
1996/2014
Built/Reno
379,2000
sF
