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Brookview Apartments 2201 Upper Wetumpka Rd 65 Unit Apartment Building $5,100,288 CAD ($78,466 CAD/Unit) Montgomery, AL 36107
Investment Highlights
- Located in QCT
- 100% LIHTC - in the extended period
- Opportunity to resyndicate
- QC Eligible
Executive Summary
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.
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.
Property Facts
| Price | $5,100,288 CAD | Apartment Style | Garden |
| Price Per Unit | $78,466 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 3.92 AC |
| No. Units | 65 | Building Size | 56,838 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Zoning | B-2 | ||
| Price | $5,100,288 CAD |
| Price Per Unit | $78,466 CAD |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.92 AC |
| Building Size | 56,838 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | B-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Washer/Dryer Hookup
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+2 | 24 | - | - |
| 3+2 | 24 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 10-03-05-4-004-036.000 | Improvements Assessment | $898,544 CAD |
| Land Assessment | $19,274 CAD | Total Assessment | $917,818 CAD |
Property Taxes
Parcel Number
10-03-05-4-004-036.000
Land Assessment
$19,274 CAD
Improvements Assessment
$898,544 CAD
Total Assessment
$917,818 CAD
Contacts
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Reid Bennett, CCIM -
Maira Mancia -
Cody Doran -
John Mottram -
SVN - Chicago Commercial
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Brookview Apartments | 2201 Upper Wetumpka Rd
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