efferson Square Apartments is a 40-unit multifamily asset located in close proximity to Highway 277 and Interstate 20 at 200 N. Jefferson in Abilene, Texas. This property offers investors a stabilized asset with strong in-place cash flow and significant upside through rent growth and operational improvements.
The property is currently operating at approximately 90% occupancy with a current monthly rent roll of approximately $30,976, providing immediate income with additional upside through lease-up and rent normalization.
Abilene fundamentals remain supportive for workforce and value-oriented housing. ALN reported January 2026 conventional occupancy of 96.7% and average asking rents of $1,191 per unit, up 19.2% year over year, while the subject's in-place occupied rent averages roughly $860 per occupied unit. That gap, combined with recent citywide momentum in employment, education, and AI-related infrastructure investment, creates a compelling repositioning and yield story for investors seeking current cash flow with operational upside.