Red Oak Apartments

Improvements are scheduled to be completed in September 2012 to the existing in-unit amenities comprise of iron fencing, security gates security cameras, expanded recreational facilities, microwave ovens in all units, ceiling fans in all bedrooms and living rooms, high speed internet connections in all units and office, improved siding and other improvements.  In addition, the renovations will also include new mailboxes, new monument sign, flag poles, picnic benches, BBQ’s and park benches.

With Mockingbird  Management, LLC, at the helm of daily management operations, Castle Manor Apartments residents will benefit from the company’s 30 years of property management experience with this property.

The subject is located in Red Oak, Ellis County, Texas which is located south of the City of Dallas.  It is approximately 18 miles south of downtown of Dallas.  The subject is in close proximity to the Red Oak Central Business District.

Property Detail

Property Type:
Tax Credit Affordable Housing Rehabilitation Cost for Acquisition and Rehabilitation:
$13,089,883.42
Hard Cost Rehabilitation Per Unit:
$43,017.80
Locations:
Red Oak, Texas
Funding Programs: Section 42 Tax Credits, TDHCA Home Loan, USDA 515 & 538
Funding Partners: JPMorgan Chase, USDA RD, and Bonneville Mortgage Company
Type of Units: One and Two Bedroom Apartments
No. Units:
116