Pecan Cove Apartments

Immerse yourself in the vibrant surroundings of 1801 Holt Rd - Pecan Cove Apartments, located in Mobile, AL, 36617. Nestled in a thriving community, this prime location offers easy access to a variety of local attractions and amenities. Explore the nearby Mobile Museum of Art, catch a game at Ladd-Peebles Stadium, or enjoy a day of shopping and dining at Bel Air Mall. With its picturesque parks and rich cultural scene, Mobile provides an inviting backdrop for prospective Multifamily/High-Rise investors seeking an ideal residential investment opportunity. Discover the potential of this dynamic area and the attractive lifestyle it offers for both residents and investors alike.Pecan Cove Apartments presents investors with an opportunity to acquire a well-built LIHTC asset offering both immediate upside and long-term value creation. The property's compliance period expires in May 2027, at which point it becomes eligible for Qualified Contract. Upon entering the QC process, the property will undergo a three-year rent decontrol period, ultimately transitioning to fully market-rate rents significantly above current effective rents. Constructed in 2007, this well-maintained low-rise/garden complex showcases modern amenities and spacious living areas, making it an enticing prospect for potential investors. Located in a desirable area, this property offers a promising investment opportunity in the flourishing Mobile real estate market. Don't miss out on the chance to acquire this attractive multifamily property with substantial potential for growth and returns.