Arbor Pointe Apartments

100 Dairy Road, Whistler, AL 36612
Status: Escrow
Year Built: 1998
For more information please contact:
jeff@lihtcadvisors.com
# of Units: 56
# of Buildings: 4
# of Stories: 2 & 3
Rentable SF: 56,416
Lot Size: 12.53 Acres
Density: 4.47 Units/Acre

Highlights:

  • The LURA was Terminated on June 8, 2015 Through the Qualified Contract and Began to Transition to a Market Rate Property
  • Vacant Lot Adjacent to the Property, that was Purchased Separately, is Included- Approximately 4.5 Acres
  • Mobile is Home to Several Colleges and Universities and the the 12th- Largest Port in the U.S.
  • Whistler/Pritchard is Approximately Seven Miles Northwest of Mobile

Description:

Arbor Pointe Apartments is a 56-unit community located in Whistler, AL. Conveniently located, the property is within blocks of restaurants, schools, entertainment, and easy access to main transportation arteries. Various retail opportunities nearby include Walmart, Target, and The Shoppes at Bell Air Mall.

Arbor Pointe was built and placed in service in 1998 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. The Regulatory Agreement with the Alabama Housing Finance Authority was terminated on June 8, 2015 through the Qualified Contract process. The property has completed a three year decontrol period transitioning to market.

Residents benefit from community amenities including 24-hour maintenance, playground, on-site security, and an on-site laundry facility. Unit amenities include washer & dryer connections, 100% electric heating & air, dishwasher & disposal, and window blinds.

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