2201 Upper Wetumpka Rd
- 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.
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,731,172 |
| No. of Units: | 65 |
| Year Built: | 1973 |
| Lot Size: | 7.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $57,403 |
| Property Website | Click Here |
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