Mossy Oaks Apartments

Capstone is pleased to present Mossy Oaks Apartments, a 96-unit, 100% affordable multifamily asset located in Beaufort, South Carolina. Mossy Oaks operates as a Low-Income Housing Tax Credit (LIHTC) project and as a Section 8 Rental subsidy with a HAP contract in-place that applies to 100% of the 96 units. All 96 units are Section 8 assisted units, therefore Contract Rents, plus Utility Allowances, may not exceed the HUD determined Fair Market Rents. Under these affordability programs, new ownership stands to gain from stable rental income, reduced vacancy rates, and potential tax advantages, while also contributing to providing affordable housing options in the affluent Hilton Head Island market. Situated in Beaufort, residents of Mossy Oaks enjoy a tranquil living environment amidst residential neighborhoods and numerous major demand drivers, top schools, thousands of jobs, and multiple Class-A retail centers. With favorable renter demographics, strong multifamily fundamentals, and an exceptional location, Mossy Oaks presents an outstanding investment opportunity in the Low Country of South Carolina.

Investment Highlights:

Affordable Asset in Classic Condition, Owned by Original Developer w/ HAP Contract In-Place

Favorable Renter Demographics in Prime Coastal Region

Tax Abatement Strategy Available for Eligible Buyers

Proximate to Major Demand Drivers, Top Schools, and Thousands of Jobs