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2015 Fox Point Trail - Villa Capri Apartments, Fort Wayne, IN
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2015 Fox Point Trail - Villa Capri Apartments
Fort Wayne, IN 46816 - Outer Central/Southside MF Submarket
Number of Units:
17.56 AC (764,914 SF)
For Sale Price:
1.3 Parking Spaces / 1,000 SF
Villa Capri Apartments & Townhomes is a 172-unit affordable housing apartment community situated on 17 wooded acres, on the south side of Fort Wayne, IN. The property is located close to shopping, restaurants, entertainment, and employment, all within walking distance.
Villa Capri was built in 1972 and rehabbed and placed into service in 2002 & 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 40%, 50%, and 60% of Area Median Income (AMI) limits, which are provided by Indiana Housing and Community Development Authority. The property is still within its initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordability restrictions.
Villa Capri offers one, two, and three bedroom apartment homes featuring a full appliance package, w/d hook-ups (in select units), fireplaces (in select units), large closets, private patios/balconies (in select units), on-site laundry facilities, community pool, basketball and tennis courts, clubhouse, and playground
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