Pecan Cove Apartments

Investment Overview

Pecan Cove Apartments presents investors with an opportunity to acquire a well-built LIHTC asset offering both immediate upside and long-term value creation. The property's compliance period expires in May 2027, at which point it becomes eligible for Qualified Contract. Upon entering the QC process, the property will undergo a three-year rent decontrol period, ultimately transitioning to fully market-rate rents significantly above current effective rents. Constructed in 2007, this well-maintained low-rise/garden complex showcases modern amenities and spacious living areas, making it an enticing prospect for potential investors. Located in a desirable area, this property offers a promising investment opportunity in the flourishing Mobile real estate market. Don't miss out on the chance to acquire this attractive multifamily property with substantial potential for growth and returns.

Investment Highlights

• 60 Units over 68,884 Rentable ft²
• Built in 2007, well constructed & maintained property
• LIHTC Property - QC Eligible in May 2027