Rowan Multifamily Advisors is pleased to announce the exclusive listing of the Woodwind Apartments in Irving, TX. The property was constructed in 1983 and consists of 64, one- and two-bedroom units. This offering provides a new investor the opportunity to purchase a stable, cash flowing asset with proven upside through continued interior upgrades and other income streams.
Location Highlights
Woodwind is located west, just outside of DFW Airport off of Hwy 161 and W Walnut Hill Ln. University of Dallas is a short drive to the east, making this pocket of Irving appealing to college students. Given that the area is thriving with young people, the entertainment available is unmatched; with the Toyota Music Factory Plaza located north of the property and an area known as “Resturaunt Row” located northwest of the property. Resturaunt Row is home to the Pappas chain of establishments, Look Cinemas and Cowboys Red River dance hall.
Woodwind is across the street from DFW International Airport and 11 miles from Dallas Love Field. The Property is surrounded by very desirable shopping and dining destinations such as Target, the Irving Mall, Home Depot, Best Buy, Chili’s, and more.
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.
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.
