Captain's Landing

Located in Bayou La Batre, affectionately known as the "Seafood Capital of Alabama," Captain's Landing sits in southern Mobile County directly along the Gulf Coast. The local economy boasts a deeply rooted maritime identity, supported by generations of commercial fishing, seafood processing, and a booming shipbuilding industry. Furthermore, the city is benefiting from a recent $37.55 million expansion at the local Birdon Group shipyard. Situated approximately 30 miles south of downtown Mobile, residents enjoy the charm and affordability of a smaller coastal community with highly convenient access to Mobile’s massive industrial, aerospace, and logistics employment hubs.Captain’s Landing is a well-maintained, 55-unit affordable housing (LIHTC) community built in 2008, featuring durable masonry exteriors and pitched shingle roofs. Offering spacious two- and three-bedroom floorplans that average an impressive 1,070 square feet, the property maintains a strong 96% occupancy rate by catering to the area's steady workforce housing demand. For investors, the asset presents a highly lucrative, dual-phased value-add strategy. In the short term, ownership can realize immediate revenue growth by achieving the maximum allowable LIHTC rent limits. Long-term, the property’s initial compliance period expires in early 2028, opening the door for new ownership to apply for a Qualified Contract (QC). Once accepted, the property will enter a three-year decontrol period and become a completely unrestricted Market Rent property by 2031.