Affordable Apartment Community with
1200 Sycamore Estate Dr Lawrenceburg, IN 47025
1200 Sycamore Estate Dr, Lawrenceburg, IN, 47025
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For Sale
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Pending
Waterview Apartments offers 64 LIHTC-restricted units with private patios or balconies and in-unit washer and dryer hookups.
Days on Market90
Property Features for 1200 Sycamore Estate Dr
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Milwaukee
(262) 364-1930
Listed by
Matthew Whiteside · License #WI
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 5:51PM Checked: Jul 21 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
Waterview Apartments is an affordable housing community with 64 apartment units in a wooded setting. The unit mix includes 16 one-bedroom, 36 two-bedroom, and 12 three-bedroom residences, each designated as tax credit units under a Land Use Restriction Agreement (LURA) commenced in 2012.
The LURA sets income-based occupancy restrictions for the tax credit units and establishes a total restriction term of 30 years from the date placed in service. Amenity and unit features include full appliance packages, private patios or balconies, individual electric water heaters, central air conditioning, and washer and dryer hookups. Water/sewer and trash/recycling are included in the tenant’s monthly rental rate.
Common community amenities include a clubhouse, billiards and shuffleboard, fitness center, business center, picnic area, and playground. The community is pet friendly, allowing up to two pets per apartment unit, with a $300 pet deposit and $25 monthly pet rent.
The LURA sets income-based occupancy restrictions for the tax credit units and establishes a total restriction term of 30 years from the date placed in service. Amenity and unit features include full appliance packages, private patios or balconies, individual electric water heaters, central air conditioning, and washer and dryer hookups. Water/sewer and trash/recycling are included in the tenant’s monthly rental rate.
Common community amenities include a clubhouse, billiards and shuffleboard, fitness center, business center, picnic area, and playground. The community is pet friendly, allowing up to two pets per apartment unit, with a $300 pet deposit and $25 monthly pet rent.
Key Highlights
- Waterview Apartments is a 64‑unit LIHTC community at 1200 Sycamore Estates Drive in Lawrenceburg, IN.
- Unit mix includes 16 one‑bedrooms, 36 two‑bedrooms, and 12 three‑bedrooms, all designated as tax credit units under a LURA.
- LURA income restrictions by AMI tier: at least 15% at or below 30%, at least 25% at or below 40%, at least 30% at or below 50%, and at least 30% at or below 60% AMI.
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FAQs
What type of property is this?
Apartment building - Waterview Apartments offers 64 LIHTC-restricted units with private patios or balconies and in-unit washer and dryer hookups.
Where is this apartment building located?
The property is located at 1200 Sycamore Estate Dr Lawrenceburg, IN.
What are key features of this property?
This property features: Waterview Apartments is a 64‑unit LIHTC community at 1200 Sycamore Estates Drive in Lawrenceburg, IN.; Unit mix includes 16 one‑bedrooms, 36 two‑bedrooms, and 12 three‑bedrooms, all designated as tax credit units under a LURA.; LURA income restrictions by AMI tier: at least 15% at or below 30%, at least 25% at or below 40%, at least 30% at or below 50%, and at least 30% at or below 60% AMI.
