The Dean – Sold

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
  • Flooring
  • Walking distance to UTA
  • Extra-large floor plans
  • Dishwasher/stove/refrigerator
  • 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.