4501 Brownfield Dr

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Address: 4501 Brownfield Dr, Lubbock, TX 79410, USA

Texas + Apartment Buildings

Created date: November 4, 2024

Date last updated: December 2, 2024

Assumable Debt with attractive leverage and full term IO.
Opportunity to takeover a recently renovated property at a value add basis.
Within 1.5 miles of covenant hospital system.
Within 3 miles of Texas Tech University home to over 40,000 enrolled students.

Property Description

The Dylan Apartments consist of 122 units, primarily one-bedroom and efficiency units, perfectly aligned with the demographic needs of the area. These unit types cater directly to the large student population at Texas Tech University and professionals working at Covenant Health, ensuring strong occupancy rates and consistent demand. The property also features a designated leasing office, streamlining management operations, and a well-maintained laundry room with property-owned machines—an attractive value-add opportunity for additional income. With its location and thoughtful unit mix, the Dylan Apartments is a solid investment poised to deliver long-term returns.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	122
Year Built:	1975
Lot Size:	1.77 Sq ft
Opportunity Zone:	No
Property Website	Click Here