Talladega Downs Apartments presents a compelling opportunity to acquire a 100-unit multifamily community with stable, government- backed income and long-term upside potential. The property benefits from a 100% covered project-based section 8 option 2 HAP contract, providing dependable rental revenue. Designated for family occupancy, the community offers 1-, 2- and 3- bedroom units, supporting strong and consistent tenant demand. The property is 90% occupied with an active waitlist, demonstrating the ongoing need to affordable housing in the area. Current rents are below market, providing investors with a clear value -add opportunity through operational improvements and rent optimization. Talladega Downs is located in a Qualified Census Tract (QCT), which may offer additional strategic benefits for investors utilizing low in come housing tax credit strategies.