Crescent Club Apartments

4100 S Rio Grande Ave, Orlando, Florida 32839

Maximum Allowable Rents in Orange County Increased by Over 13% from 2017 to 2019 with an Additional Increase of 4.75% Projected in 2020,The Occupancy Rate Seen at the Property in 2019 was Nearly 99%,Orlando is One of the Fastest Growing Metros in the Nation and has Seen Job Growth Over Twice the National Average Since 2014,Great Location Just Over 5 Miles from Universal Studios & 14 Miles from Walt Disney World Resort, Crescent Club Apartments is a 215-unit affordable housing community for seniors located in Orlando, FL. Residents enjoy access to major shopping areas, dining, and interstates, as well as peaceful surroundings near various small lakes and an array of amenities. The property is also conveniently close to the Orlando Health Regional Hospital. The famous Universal Studios and Walt Disney World also offers residents a variety of entertainment opportunities., The property was built in 2002 and placed in service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 28%, 30%, and 60% of Area Median Income (AMI) limits, which are provided by the Florida Housing Finance Corporation. The property is beyond its initial tax credit compliance period., Residents benefit from community amenities such as a clubhouse, relaxing courtyard with fountains, fitness center, on-site laundry facility, swimming pool, gameroom, a hair salon, free health screenings, on-site resident activities, shuffleboard, picnic pavilion, elevators, library, business center, car wash area, gated access, and security system. Crescent Club offers one and two bedroom units that include a full kitchen appliance package, large closets, ceiling fans, and balconies in select units.

Contact

Broker or Owner Contact
Mike Terry
LIHTC Advisors
6225 N Meeker Pl
210
Boise, Idaho 83713
Phone: 1-8008403021
mike@lihtcadvisors.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 34EF1B42-8CD7-4B0E-9136-AB08B8EAEDB4
Building Size 27330
Site Size (acres)
Zoning R-3
Year Built 1975
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated 2002
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale no
Sale Price 0
For Lease yes
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.501309
Longitude -81.401504
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider OUC
Gas On Site no
Gas Provider
Water On Site no
Water Provider OUC
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider