Dun-Bar East Apartments | 1728 Pulliam St
Dun-Bar East Apartments is a 76-unit multifamily value-add investment in San Angelo, Texas, comprising five apartment buildings (44 units), a 32-unit motel building, shared laundry facilities, and a former bar building used for storage across a 4.37-acre parcel. Built in 1971, the property is in generally good condition but significantly underutilized, with many apartment units vacant due to the prior owners' focus on operating the restaurant and motel on the south half of the block. This creates a compelling opportunity for a new operator to stabilize occupancy on the north half and unlock the property's income-producing potential as an independent asset.
The two-story complex sits in a location with access to public transportation and bus lines, as well as proximity to the airport. The substantial land footprint and existing infrastructure position the asset for repositioning under active management. The decades of family ownership and established operations provide a foundation for a buyer seeking to implement a leasing and occupancy strategy on the currently underperforming apartment units.
- 76 total units across five apartment buildings and a 32-unit motel
- Significant vacancy in apartment units presents value-add upside
- 4.37-acre parcel with established infrastructure
- Class B property in generally good condition
- Opportunity to operate north half independently with strong occupancy potential
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Dun-Bar East presents a value-add investment opportunity backed by decades of family ownership and significant untapped potential. The property comprises 76 units, including five apartment buildings with 44 units and a 32-unit motel building, as well as a shared laundry facility and a former bar building currently utilized for storage. While the property is in generally good condition, many of the apartment units remain vacant due to the owners' longstanding focus on operating the restaurant and motel located on the south half of the block. This underutilization creates an attractive opportunity for a new owner to lease the vacant units, increase occupancy, and operate the north half of the property as an independent, income-producing asset.