Oak Park Apartments

51 Oak Park Dr, Four Oaks, NC 27524

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2017 by Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 2 Baths 644 - 1,064 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

Since this property is a USDA 515 and LIHTC property that might have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

This apartment community was built in 1983 and has 2 stories with 30 units.

Oak Park Apartments is located in Four Oaks, North Carolina in the 27524 zip code. This apartment community was built in 1983 and has 2 stories with 30 units.

Dave's Thoughts On Oak Park Apartments

Because it participates in the USDA Section 515 Rural Rental Housing program, Oak Park Apartments is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). However, this property also participates in the LIHTC program. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. The Section 521 subsidy may be attached to all or just some of the units. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Oak Park Apartments Amenities

  • Playground
  • On-Site Manager
  • Washer and Dryer Hookup
  • Refrigerator
  • Oven and Range
  • Picnic Area

Units at Oak Park Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 644ft2 Rent is Based On Your Income
Two Bedroom (2/1.5) 850ft2 Rent is Based On Your Income
Three Bedroom (3/2) 1064ft2 Rent is Based On Your Income

Income Qualification for Oak Park Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year $61,200 / year $65,750 / year
50% AMI for PBRA Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year $61,200 / year $65,750 / year
60% AMI for LIHTC Units $47,640 / year $54,420 / year $61,200 / year $67,980 / year $73,440 / year $78,900 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Oak Park Apartments

Does Oak Park Apartments have a waiting list?

Oak Park Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Oak Park Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Oak Park Apartments?

Oak Park Apartments is managed by The Pendergraph Companies, LLC headquartered in Raleigh, NC.

In addition to Oak Park Apartments, how many other affordable housing properties (and units) are there in Four Oaks?

In addition to Oak Park Apartments, we list 6 other affordable properties in Four Oaks. Learn about these properties here. Our data research shows that there are a total of 129 affordable units in Four Oaks.

Listings Near Oak Park Apartments

Four Oaks Village Apartments

105 Keen Rd, Four Oaks, North Carolina 27524

bed 1-2

Twin Oaks Apartments

312 Surles Dr, Four Oaks, North Carolina 28376

Oaks Apartments ( the )

Allen Court, Four Oaks, North Carolina 27524

43 VIA CAPRI WAY, FOUR OAKS, NC 27524

43 Via Capri Way, Four Oaks, North Carolina 27524

bed 3
payment $1900/mo.

645 Gardner Rd

645 Gardner Rd, Four Oaks, North Carolina 27524

bed 4
payment $2000/mo.

Arc Hds Johnston Co Group Home - Fo

217 George St, Four Oaks, North Carolina 27524

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.