Investment Overview
This well-maintained, 4-building garden-style community presents a compelling resyndication opportunity in the heart of Montgomery, Alabama. Comprising 65 Low-Income Housing Tax Credit (LIHTC) units, the property is currently operating in its extended-use period, offering investors the ability to re-enter the LIHTC program.
Constructed in 1973, this classic low-rise/garden-style community has been well-maintained and offers a turn-key income stream from day one. The strategic unit mix of one-, two-, and three-bedroom residences serves a broad range of household sizes, with each unit thoughtfully configured to maximize natural light and interior space. B-2 zoning provides additional long-term flexibility and utility.
Investment Highlights
- Located in QCT
- Opportunity to Resyndicate
- 100% LIHTC - in the extended period
- QC Eligible
- Secure Living: Controlled access entry points provide peace of mind and enhanced security for all residents.
- In-Unit Convenience: Units are equipped with washer/dryer hookups, a high-demand feature that justifies premium rental rates.
- Private Outdoor Space: Select units include balconies, offering residents private fresh-air retreats.
- On-Site Facilities: A dedicated laundry room provides additional convenience and a steady secondary income stream for the owner.