INVESTMENT HIGHLIGHTS
Conveniently Located Minutes from Roberstdale High School, Walmart Supercenter, Major Transportation Arteries, and Dining
Located Approximately 35 Minutes from Downtown Mobile, Offering Residents a Variety of Entertainment and Employment Options
Robertsdale is Located Approximately 35 Minutes from Downtown Mobile, Offering Residents a Variety of Entertainment and Employment Options
Current Asking Rents are Well Below Max Net Tax Credit Rents
Aerospace, Education, and Healthcare Services are the Major Industries in Baldwin County
Fantastic AMI Growth in Baldwin County with an Increase of 14.81% Since 2020
EXECUTIVE SUMMARY
Briarwood Estates is a 40-unit affordable housing community located in Robertsdale, AL. The property is conveniently located minutes from major retailers including Greer’s and Walmart Supercenter. Numerous restaurants, outdoor recreation, schools, and major transportation arteries are nearby as well.
The property was built and placed in service in 2000 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 50% of the Area Median Income (AMI) limits, which are provided by Alabama Housing Finance Authority.
Briarwood Estates offers one, two, and three bedroom apartment homes featuring washer/dryer hookup, window coverings, heating and air conditioning, and wheelchair accessible rooms. Community amenities include laundry facilities, clubhouse, playground, and picnic area.
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COMMUNITY AMENITIES
• On-Site Laundry Facility
• Clubhouse
• Playground
• Picnic Area
APARTMENT FEATURES
• Washer & Dryer Connections
• Window Coverings
• Heating & Air Conditioning
THE ASSET
GALLERY
19038 Fairground Rd. - Robertsdale, AL 36567
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19038 Fairground Rd. - Robertsdale, AL 36567
BRIARWOOD ESTATES
2000
BUILT
40,450
SQ FT
40
UNITS
The Opportunity
The Asset
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Mike Terry
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
MT License #: 8005
John McCrary
Director
Multifamily
205.403.5538
john.mccrary@berkadia.com
AL License #:000115398-0
INVESTMENT SALES
BOISE OFFICE
6225 North Meeker Place
Suite 210
Boise, ID 83713
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
John McCrary
Director
AL License #:000115398-0205.403.5538
john.mccrary@berkadia.com
AL License #:000115398-0
JORDAN SKYLES
Director of Operations
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
ID License #: SP42885
JEFF IRISH
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
ID License #: DB36794
INVESTMENT SALES
MIKE TERRY
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
MT License #: 8005
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
$4,450,925
PRICE