2600 Ivanhoe LaneAbilene, TX 79605

Description

Brookhollow Garden Apartments is an exceptional investment opportunity in Abilene, TX – home to President Trump’s first, $500-billion Startgate AI data center - a project that is in the first year of a seven-year build that has brought scores of skilled tradesmen to Abilene and putting upward pressure on rental rates across the local market. Shaded by mature live oak trees, this 44-unit complex was built in 1964 and consists of 6 buildings with a distinctive mid-century design and leasable improvements totaling 41,716 SF. All units are oversized and have dedicated covered parking spaces with secure storage. This property offers significant upside potential and could be maintained as a leased multifamily development or converted to condominiums to take advantage of the consistent appeal of the surrounding, stable neighborhood. Abilene's economy is stabilized by its role as a medical hub, status as a regional banking center, and center for higher education with six colleges: Abilene Christian University, Hardin-Simmons University, McMurry University, Texas Tech Health Science Center, Cisco Junior College, & Texas State Technical College Abilene is also home to Dyess AFB and its 3 missions - the B1, the C130 and the soon-to-arrive B21 mission. The varied streams of outside dollars from institutional sources keep Abilene's economy well-ruddered and stable - add the new data center to the mix and you have a robust rental market.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1964

Building area

66,718 Sq Ft

Lot size

3.76 acres

Parking spaces

60

Days on market

37

MLS^® Listing#

21370516

Property Features

Interior

Other · Pantry

Appliances

Dishwasher · Disposal · Electric Range · Gas Water Heater · Refrigerator

Cooling

Central Air · Electric

Heating

Central · Natural Gas

Flooring

Carpet · Ceramic Tile · Vinyl

Pool

Fenced · In Ground · Outdoor Pool

Parking

Common · Covered · Parking Lot · Storage

Construction

Brick

Foundation

Slab

Roof

Composition

Utilities

Electricity Connected

Schools

Elementary

Austin

Middle

Mann

High

Abilene

District

Abilene ISD

Financial Details

Annual taxes

$50,637

Parcel number

16978

Directions

Ivanhoe and S 27th