Available For Sale - Multifamily

55,600 SF

LISTED BY

Hugh Holtman
SVN | Imbrie Realty, 503-208-9393

AVAILABILITY DETAILS

Size
55,600 SF
Price/SF
N/A - Contact for Info
Listing ID
SA528988
Notes
The Terrace at Mount Scott is a 52 unit LIHTC property in Happy Valley, OR, providing housing for income qualifying tenants who meet 50-60% of the area median income. Conveniently located in Clackamas County, with easy access to Interstate 205, the property boasts sweeping view and offers access to restaurants, shopping, and area amenities.



The property was built and placed in service in 2006 utilizing the Section 42 Low Income Housing Tax Credit (LIHTC) program, with the competitive 9% tax credits, placing restrictions on 51 of the 52 units. Due to a Home Loan Agreement with Clackamas County, ten units were set aside to accommodate Low and High HOME units. Although out of the initial 15-year compliance period since the end of 2021, the affordable restrictions last until 2046.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Hugh Holtman, SVN | Imbrie Realty
BRE# 200311162