RMA is pleased to announce the exclusive listing of Pine Oaks, our latest value-add offering. Pine Oaks is a 240-unit, 1983 construction multifamily property located in Mesquite, TX. The property is being offered as a loan assumption or with new financing, whichever the buyer prefers. Our team will be conducting a full marketing process so please reach out with any questions or if you would like to schedule a tour.
Barcelona on Chisolm Trail
RMA is pleased to announce the exclusive listing of The Barcelona on Chisholm Trail, a 248-unit, value-add property in Southwest Fort Worth. The asset sits in a high visibility location just off the newly constructed Chisholm Trail Parkway, with traffic counts over 40,000 vehicles per day. The Barcelona on Chisholm Trail presents a new investor the opportunity to carry out a value-add program through continued interior renovations as well as updates to the amenity set.
•Quality, 1980s Construction with Robust Amenity Set
•Located just off the Chisholm Trail Parkway – Providing Residents Easy Access to Downtown Fort Worth
•Tremendous Value Creation Potential Through Interior Stabilization, Interior Upgrades, and Other income
•Strong Location with Median Household Incomes of $68,000 within Three Miles
•Quality Retailers and Grocers within Walking Distance – Costco, Target, Chick-Fil-a, etc.
The Atlas
INVESTMENT OVERVIEW
Rowan Multifamily Advisors is pleased to exclusively offer The Atlas Apartments located in Dallas, TX. Constructed in 1962, the property consists of 59 units, with an average size of 929 square feet per unit. The subject property includes individual HVAC units to provide air conditioning and heat to all units and new boilers that supply domestic hot water. The property has had significant capital infusions to the interiors, exteriors, and common areas by the current owner, allowing a new investor to focus on unit interior upgrades and aggressive operations.
INVESTMENT HIGHLIGHTS
•Strong Value-Add Potential – Only 10% of Unit Interiors Upgraded
•Infill Location just 3.5 Miles from Downtown Dallas
•Located Right Across the Street from Stevens Park Elementary School
•New Multifamily, Single Family, and Retail Development within 0.1 Miles
•New Financing Available
LOCATION HIGHLIGHTS
•2.3 Miles from Trinity Groves
•0.5 Miles from Stevens Park Golf Course
•2.0 Miles from Bishop Arts District
•2.2 Miles from Methodist Dallas Medical Center
•3.4 Miles from Downtown Dallas
•3.7 Miles from Victory Park
The Aurora
Rowan Multifamily Advisors is pleased to exclusively offer The Aurora Apartments located in Dallas, Texas. The Aurora was constructed in 1969 and consists of 112 units, with an average unit size of 815 square feet per unit. All units have individual HVAC to provide air conditioning and heat as well as new boilers that supply domestic hot water. The Aurora has also had significant capital infusions to the exterior and common areas by the current owner allowing a new investor to focus on unit interior upgrades and aggressive operations.
Spanish Springs
New $2,000,000 Renovation
Rowan Multifamily Advisors is pleased to exclusively present Spanish Springs Apartments. Spanish Springs is situated on a 10.00 acre site in the town of Balch Springs. Consisting of 48 units, totaling 50,032 square feet, were originally built in 1972 and have just experienced a major renovation to the tune of approximately $2,000,000. The exterior renovations included new roofs, stucco repair, new windows, fence installation and LED exterior lighting. Each unit interior was also renovated with new ceiling fans, new bathtubs, Cabinet fronts, paint, crown molding, vinyl or ceramic flooring, new carpets, washer/dryer hookups, new backsplash and appliances.
The exterior renovations included new roofs, stucco repair, new windows, fence installation and LED exterior lighting.
There is zero deferred maintenance as every stone has been turned during the approximate $40,000 / unit renovation. A new investor has the opportunity to own a clean, rejuvenated, asset with plenty of room to raise rents in the 100% occupied property.