Southwest Alabama Apartment
For Sale
$2,750,000
205 Martin Luther King Ave, Chatom, AL 36518
80 units across three LIHTC apartment communities in Alabama.
Property Size74,536 SF
Price / SF$36.89
Days on Market275
Property Features for 205 Martin Luther King Ave
General Information
Standard status
Active
Size
74,536 SF
Property subtype
Multifamily
Building Details
Building Size
74,536 SF
Year Built
1995
Listing Agency:
(256) 653-0065
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 16
Last Checked: Aug 22 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew Agee
Investment Insights
Based on property information with market context.
This portfolio comprises 80 units within three LIHTC apartment communities situated in Livingston, Grove Hill, and Chatom, Alabama. Constructed in 1995, 1997, and 1999, these properties present an opportunity to enter the affordable housing market in southwest Alabama. The properties include community amenities such as on-site offices, laundry facilities, gazebos, and playgrounds. Grove Hill, the county seat of Clarke County, is characterized by its Southern hospitality and historic charm, offering a peaceful environment with access to schools, local businesses, and outdoor recreation, with convenient connections to larger cities via U.S. Highway 43. Chatom, the county seat of Washington County, provides a close-knit atmosphere with essential services, schools, local businesses, and recreational areas, while maintaining convenient travel to larger cities like Mobile via U.S. Highway 45. Livingston, located in Sumter County, features a strong sense of community and a deep-rooted history, serving as a hub for local government, education, and commerce, and is home to the University of West Alabama, with convenient access to larger cities like Tuscaloosa and Meridian, MS, via U.S. Highways 11 and 28, as well as Interstate 20/59. The total property size is 74,536 square feet.
Key Highlights
- Portfolio of 80 units across three LIHTC apartment communities.
- Located in Livingston, Grove Hill, & Chatom, AL, offering diverse locations in southwest Alabama.
- Favorable financing with assumable HOME loan opportunities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 36518, AL
2,523
Population
1,049
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
87%
High-School Grad
132.7 sq mi
ZIP Area
19
Density / Sq Mi
$75,446
Median Household Income
$58,344
Median Earnings
$388
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 80 units across three LIHTC apartment communities in Alabama.
Where is this apartment building located?
The property is located at 205 Martin Luther King Ave Chatom, AL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Portfolio of 80 units across three LIHTC apartment communities.; Located in Livingston, Grove Hill, & Chatom, AL, offering diverse locations in southwest Alabama.; Favorable financing with assumable HOME loan opportunities.
