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Investment Highlights
- $100 rent upside through interior renovations plus multiple ancillary income streams
- Large unit mix with 87% 2- and 3-bedroom units supports strong leasing demand
- Parking, storage, and W/D programs provide high-margin revenue growth
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of Dylan, a 122-unit apartment community located in Fort Worth, Texas. The property offers a compelling value-add opportunity through interior renovations, with more than 80% of units featuring classic or partially upgraded finishes and the ability to achieve approximately $100 rent premiums. Additional upside exists through multiple ancillary income initiatives, including optimizing covered parking and storage, introducing reserved parking, and expanding the washer/dryer leasing program. Further value can be created through amenity enhancements such as adding a dog park and converting underutilized space into a fitness center. Featuring a highly desirable unit mix with approximately 87% two- and three-bedroom layouts, and located near major employment and entertainment drivers with excellent regional connectivity, Dylan presents a strong opportunity for both income growth and long-term appreciation.
Property Facts
| Sale Type | Investment | Lot Size | 6.74 AC |
| No. Units | 122 | Building Size | 110,684 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | B | Parking Ratio | 1.23/1,000 SF |
| Zoning | CR, Fort Worth | ||
| Sale Type | Investment |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.74 AC |
| Building Size | 110,684 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | CR, Fort Worth |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Views
Site Amenities
- Laundry Facilities
- Playground
- Property Manager on Site
- Planned Social Activities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 554 |
| 2+1 | 58 | - | 781 |
| 2+2 | 16 | - | 835 - 1,250 |
| 3+2 | 32 | - | 1,010 - 1,450 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04849264 | Improvements Assessment | $15,132,780 |
| Land Assessment | $1,067,220 | Total Assessment | $16,200,000 |
Property Taxes
Parcel Number
04849264
Land Assessment
$1,067,220
Improvements Assessment
$15,132,780
Total Assessment
$16,200,000
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The Dylan | 2333 Escalante Ave
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