Magnolia Walk II
2501 SW 10th St, Ocala, Florida 34471
Contact Magnolia Walk II
Magnolia Walk II is managed by JOTAR Management.
Magnolia Walk Apartments is an affordable elderly community that offers 1 and 2-bedroom units. The units vary in size from 635 to 995 square feet, and are very bright and spacious. Each unit is equipped with a stove, refrigerator, dishwasher, garbage disposal, washer/dryer hookup and window treatment. A community laundry facility is located on each floor.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 635 | From $418 To $435 |
| Two Bedroom (2/1) | 995 | From $494 To $513 |
Waiting List is Open Now
wait time is currently 2 years
Last updated on December 5th, 2018Eligibility for Magnolia Walk II
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Ocala but actual income limits may differ for units at Magnolia Walk II.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $23,050 | $26,350 | $29,650 | $32,900 |
| Low Income (60%) | $27,660 | $31,620 | $35,580 | $39,480 |
Magnolia Walk II Details
- 144 one and two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Elevator
- Fitness Center
- Community Room
- Library
- On-Site Manager
- Pool
- Off-Street Parking
Unit Amenities
- Central Air
- Dishwasher
- Garbage Disposal
- Washer and Dryer Hookup
- Window Coverings
- Carpet
- Security System
Nearby Amenities
- Close to Public Transportation
- Near Hospital
- Near Library
- Near Schools
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
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