Affordable Multifamily LIHTC
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8730 University Rd, Bayou La Batre, AL 36509
55-unit LIHTC multifamily community with clubhouse, business center, and playground amenities.
Property Size58,875 SF
Days on Market84
Property Features for 8730 University Rd
General Information
Standard status
Active
Size
58,875 SF
Property subtype
Multifamily
Occupancy
96%
Additional Details
Multifamily Units
55
Building Details
Building Size
58,875 SF
Year Built
2008
Listing Agency:
(205) 516-6107
Listed By:
Jason Hyde
Source:
Svn
Added: Jun 9
Changed: Aug 23
Last Checked: Aug 30 at 1:12PM
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 Jason Hyde
Investment Insights
Based on property information with market context.
Captain’s Landing is a well-maintained 55-unit affordable housing community built in 2008. The property features durable masonry exteriors and pitched shingle roofs. Residential layouts include spacious two- and three-bedroom floorplans, with units averaging about 1,070 square feet across the mix. On-site amenities include a clubhouse, a business center, and a playground.
The community is located at 8730 University Rd in Bayou La Batre, Alabama. Current in-place performance is supported by a reported 96% occupancy rate.
For investors and operators, Captain’s Landing is structured as a LIHTC community, with compliance ending in January 2028. The unit mix balances 2-bedroom and 3-bedroom apartments, which can help accommodate different household needs within an affordable housing context. The combination of masonry construction, established age of improvements, and resident-facing amenities such as common-area space and a playground may support day-to-day operational stability as the property transitions beyond LIHTC compliance in 2028.
The community is located at 8730 University Rd in Bayou La Batre, Alabama. Current in-place performance is supported by a reported 96% occupancy rate.
For investors and operators, Captain’s Landing is structured as a LIHTC community, with compliance ending in January 2028. The unit mix balances 2-bedroom and 3-bedroom apartments, which can help accommodate different household needs within an affordable housing context. The combination of masonry construction, established age of improvements, and resident-facing amenities such as common-area space and a playground may support day-to-day operational stability as the property transitions beyond LIHTC compliance in 2028.
Key Highlights
- 55‑unit LIHTC multifamily community built in 2008 with durable masonry exteriors and pitched shingle roofs
- Strong occupancy with 96% occupancy rate per provided information
- Unit mix includes 2‑bed/2‑bath (975 SF) and 3‑bed/2‑bath (1,150 SF) floorplans
Property Analytics
Property Profile
Current Use
Lease Details
55
Residential units
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 36509, AL
1,827
Population
631
Households
2.9
Avg Household Size
37
Median Age
10%
College-Educated
58%
High-School Grad
9.9 sq mi
ZIP Area
185
Density / Sq Mi
$34,963
Median Household Income
$29,079
Median Earnings
$722
Median Rent
$84,400
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 - 55-unit LIHTC multifamily community with clubhouse, business center, and playground amenities.
Where is this apartment building located?
The property is located at 8730 University Rd Bayou La Batre, AL.
What are key features of this property?
This property features: 55‑unit LIHTC multifamily community built in 2008 with durable masonry exteriors and pitched shingle roofs; Strong occupancy with 96% occupancy rate per provided information; Unit mix includes 2‑bed/2‑bath (975 SF) and 3‑bed/2‑bath (1,150 SF) floorplans
