Parkview on Cole is located in the heart of Dallas surrounded by Uptown, Highland Park, West Village and Knox Districts; this is a premier location attracting lifestyle renters. The property consists of 19, studio, one and two-bedroom floorplans with 18 garages located on the ground floor. Each Units is equipped with stackable washer and dryers, individual HVAC units (roof mounted) and individual hot water heaters. The property is situated at the hard corner of Cole Avenue and Elizabeth Street offering great exposure to traffic and visitors to Cole Park. Cole Park is a 7-acre community park established in 1923 with tennis/pickle ball courts, a playground, a pavilion, basketball courts, trails and more.

Constructed in 2018 and 2007, the property is comprised of spacious 3- and 4-bedroom floorplans averaging 1,759 square feet. Each unit features an attached 2-car garage, private fenced backyard, full size washer/dryer connections in the pantry/utility room, and either a wood burning or electric fireplace. The units are two-story townhomes, with the kitchen and living/dining room downstairs and bedrooms and additional bathrooms upstairs. The townhomes were built with quality in mind, featuring modern interior finish outs from subway tile backsplashes and granite counter tops, to spray foam insulation to reduce sound between units. The townhomes and area attract a lot of families with school-aged children, thus resulting in low annual turnover.

Contact Matt Waskow:

matt@rowanmultifamilyadvisors.com

​​​​​​​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.

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

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.

Rowan Multifamily Advisors is pleased to announce the exclusive listing of the Loraine Place Apartments in Haltom City, Texas. Haltom City is a suburban city with a population over of more than 45,000 residents located about 6 miles northeast of Downtown Fort Worth. Loraine Place is tucked into a residential neighborhood near the intersection of Haltom Rd. and NE 28th St., and residents benefit from a short 10-minute commute to the heart of Downtown Fort Worth, Sundance Square, and a 20 minute commute to DFW International Airport.

Loraine Place is a boutique 20-unit community constructed in 1970, featuring one- and two-bedroom floorplans averaging 603 square feet. The current owner has infused more than $300,000 into the property recently including addressing deferred maintenance, upgrading the exterior with new paint and landscaping, and renovating 11 units to premium finish out featuring stainless steel appliances and granite countertops. With the exterior largely addressed, a new owner can budget to finish upgrading the remaining 9 “classic” units to further boost income. There is also an opportunity for a new owner to begin charging additional fees for covered parking (10 spaces) that are currently free to residents, potentially up to $50/month.

From The Real Deal:

Rowan Multifamily Advisors, known as RMA, brokered the transaction. The price wasn’t disclosed. The complex was appraised for tax purposes this year at $13.5 million, according to the Dallas Central Appraisal District.

Trion is a value-add buyer, and the firm has plans to renovate the interiors of Riverbend. The firm holds properties in California, Oregon, Colorado, Georgia, North Carolina and Florida.

RMA had been in talks with Trion for a couple of years, said Rowan Burch, one of the firm’s lead brokers.

“They saw a lack of competitive bidding on some value-add deals in Texas, so they thought it would be a good time to buy their first deal,” Burch said. “The size and metrics checked out, and they wanted to be aggressive.”

Lancaster is less than 20 miles from downtown Dallas and has a strong medical presence, and multifamily hasn’t been overbuilt there.