2600 Ivanhoe Lane

Abilene TX 79605

66718 sq. ft.

163785.6 sq. ft.

Apartment

Currently for sale - view listing

Overview

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.