5604 Brownfield Dr (32 Units)
About
32-unit multifamily complex in Lubbock consisting of eight quadplex buildings. The property includes 32 two-bedroom units averaging 920 sq ft each, totaling 29,440 sq ft, and was built in 1986. Each unit features an attached garage. The complex has maintained over 90% occupancy with ongoing rent increases. It is located near Marsha Sharp Freeway, Loop 289, and Texas Tech University.
Property Management
Austin Hughes listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
Lubbock offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (07/28/2026):
- Owner-Proposed Governance Vote for 5604 Brownfield Dr:
- An owner with the following wallet address is proposing a governance vote.
- This owner holds 2,401 shares in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- View Proposal
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Friday, July 31st, once the voting period ends.
Investor Reviews
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Frequently Asked Questions
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What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
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How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
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