Southwest Alabama Apartment
205 Martin Luther King Ave, Chatom, AL 36518
80 units across three LIHTC apartment communities in Alabama.
Type:Multifamily
Property size:
74,536 SFPrice / SF:
$36/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- May 9 at 12:54 am
Property Features for 205 Martin Luther King Ave
General Information
- Standard status
- Active
- Size
- 74,536 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing agent Andrew Agee (256) 653-0065
Listing office (256) 653-0065
Listing date Nov 21, 2025
Source Svn
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
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.
- Upside potential for Net Operating Income by increasing to max rents.
- Community amenities include on‑site offices, laundry facilities, gazebos, and playgrounds.
- High quality assets providing an opportunity to enter the affordable housing market.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chatom
- County
- Washington
- State
- Alabama
- Longitude
- -88.2587
- Latitude
- 31.4592
Nearby Similar for Sale
FAQs
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.
