Properties

Greenbrier Gardens Apartments

Greenbrier, AR

Property Type:
Elderly Multifamily
Total Development Cost:
$2,064,895.00
Financing Structure:
Conventional
LIHTC Units:
40
AMI:
40/60 & 5/30
Market Rate Units:
NA
Completion Date:
2003

Greenbrier Gardens Apartment Community is a 40-unit multi-family property located on Mountain Drive in Greenbrier, Arkansas. The community consists of 8 three-bedroom apartments and 32 two bedroom apartments. Each three-bedroom apartment is approximately 1,250 square feet and each two-bedroom apartment is approximately 1,145 square feet.

Each apartment comes equipped with a stove, refrigerator, vent hood, dishwasher, disposal, microwave oven and a central heating and air conditioning unit. In addition a washer and dryer unit is provided in each apartment, as well as ceiling fans. All of the appliances are electric.

The property is made up of 5, single-story buildings with 8 units in each building. The exterior construction is brick and/or vinyl siding.

The property includes a community facility and a swimming pool all for the exclusive use of the residents.

The Greenbrier Gardens Apartment Community was built to cater exclusively to elderly individuals. The rent structure is governed by IRS Section 42 Rules and is restricted to residents earning at or below 60% of the area median income.

Preferences are shown to qualified residents that are on the Public Housing Authority’s waiting list.