The Dylan | 4501 Brownfield Dr
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The Dylan 4501 Brownfield Dr
122 Unit Block of Flats For Sale Lubbock, TX 79410
Investment Highlights
- Assumable Debt with attractive leverage and full term IO.
- Within 1.5 miles of covenant hospital system.
- Opportunity to takeover a recently renovated property at a value add basis.
- Within 3 miles of Texas Tech University home to over 40,000 enrolled students.
Executive Summary
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.
Location Description
Located at 4501 Brownfield Drive, the Dylan Apartments offer an attractive investment opportunity in one of Lubbock’s most strategic locations. Positioned just 3 miles from Texas Tech University, which boasts an enrollment of over 40,000 students, this property is situated to capitalize on the continuous demand for student housing. In addition, the property is located only 1.5 miles from Covenant Health, one of the largest and most respected hospital systems in the region. Covenant Health employs thousands of healthcare professionals and serves as a critical healthcare hub, making the Dylan Apartments an attractive option for hospital staff seeking nearby housing.
Highlights
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 .
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.
Location Description
Located at 4501 Brownfield Drive, the Dylan Apartments offer an attractive investment opportunity in one of Lubbock’s most strategic locations. Positioned just 3 miles from Texas Tech University, which boasts an enrollment of over 40,000 students, this property is situated to capitalize on the continuous demand for student housing. In addition, the property is located only 1.5 miles from Covenant Health, one of the largest and most respected hospital systems in the region. Covenant Health employs thousands of healthcare professionals and serves as a critical healthcare hub, making the Dylan Apartments an attractive option for hospital staff seeking nearby housing.
Highlights
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 Facts
| Sale Type | Investment | Lot Size | 1.80 AC |
| No. Units | 122 | Building Size | 51,889 SF |
| Property Type | Residential | Average Occupancy | 75% |
| Property Subtype | Apartment | Number of Floors | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1975/2022 |
| Building Class | C | Parking Ratio | 3.08/1,000 SF |
| Sale Type | Investment |
| No. Units | 122 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 51,889 SF |
| Average Occupancy | 75% |
| Number of Floors | 3 |
| Year Built/Renovated | 1975/2022 |
| Parking Ratio | 3.08/1,000 SF |
Unit Amenities
- Cable Ready
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Range
- Grill
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Maintenance on site
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 72 | - | 299 |
| 1+1 | 49 | - | 557 - 594 |
| 2+2 | 1 | - | 891 |
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PROPERTY TAXES
| Parcel Number | R51259 | Improvements Assessment | £3,617,560 |
| Land Assessment | £107,652 | Total Assessment | £3,725,212 |
PROPERTY TAXES
Parcel Number
R51259
Land Assessment
£107,652
Improvements Assessment
£3,617,560
Total Assessment
£3,725,212
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
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Power Broker Greg Brownd -
Grant Roehm -
Go-Getters - Multifamily
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The Dylan | 4501 Brownfield Dr
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