The Dean is a rebranded multifamily investment originally built in 1963 with an A+ location less than one mile from The University of Texas at Arlington with an enrollment of over 42,000 students. The property is currently 98% leased with rents approximately 25% below-market and without any unit upgrades.
- Existing Features & Amenities
- Walking distance to UTA
- Extra-large floor plans
- Central heat/air conditioning
- Ceiling fans
- Garbage disposal
- Cable TV available
- 2 on-site laundry facilities
- Swimming pool
- Ample parking
- Quiet neighborhood
Property renovations include a total upgrade to 55 of the 65 units, with the 10 units remaining a “classic” finish. Lease rates will be brought into alignment with market.
Capital improvements incorporate
- interior finishes such as stainless appliances, complete interior repaint and reflooring, countertop upgrade and
- exterior renovations including new metal railing, upgrades to the pool furniture, grills an significant additions and improvements to the landscaping and trees.