8730 University Rd

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Address: 8730 University Rd, Bayou La Batre, AL 36509, USA
Atlanta & Southeast + Apartment Buildings
Created date: June 8, 2026
Date last updated: October 2, 2026
  • 55 Units | Built in 2008 | 58,875 ft²
  • Clear Path to Market-Rate: LIHTC compliance ends in January 2028.
  • Immediate Rent Upside: Investors can achieve immediate income growth by closing the spread between current effective rates and max allowable rents.
  • Expansive Floorplans: The 55 units are perfectly balanced between 2-Bed/2-Bath (975 sq. ft.) and 3-Bed/2-Bath (1,150 sq. ft.) layouts, offering some of the largest residential footprints in the competitive submarket.
  • Strong Asset Fundamentals: Built in 2008 and stabilized at 96% occupancy, the property features a clubhouse, business center, playground, and low-maintenance masonry construction.
  • Favorable Financing: The property's proven, strong in-place operations position the asset to qualify for highly attractive agency or bank financing.
  • Stable Coastal Workforce Base: Consistent tenant demand is driven by Bayou La Batre's active waterfront industries and convenient highway access to major regional employers in Mobile

Property Description

Captain’s Landing is a well-maintained, 55-unit affordable housing (LIHTC) community built in 2008, featuring durable masonry exteriors and pitched shingle roofs. Offering spacious two- and three-bedroom floorplans that average an impressive 1,070 square feet, the property maintains a strong 96% occupancy rate by catering to the area's steady workforce housing demand. For investors, the asset presents a highly lucrative, dual-phased value-add strategy. In the short term, ownership can realize immediate revenue growth by achieving the maximum allowable LIHTC rent limits. Long-term, the property’s initial compliance period expires in early 2028, opening the door for new ownership to apply for a Qualified Contract (QC). Once accepted, the property will enter a three-year decontrol period and become a completely unrestricted Market Rent property by 2031.
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Broker Details

Andrew Agee
Andrew Agee

SVN | AVAT Realty, LLC (256) 653-0065

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 55
Year Built: 2008
Opportunity Zone: No
Property Website Click Here
Address: 8730 University Rd, Bayou La Batre, AL 36509, USA
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