Brookview Apartments

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.

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.

The property is well located just off the Atlanta Highway in Montgomery, AL. The property is situated in a quiet neighborhood and is convenient to the downtown CBD and Gunter Annex AFB. The property has an inviting single-family residential feel, as evidenced by the historically high occupancy. This quaint location is tucked away in one of Montgomery's more established neighborhoods, featuring an abundance of green space and on-site parking.

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