High Oaks 113-117 S Bowser Rd Immeuble residentiel 88 lots À vendre Richardson, TX 75081

Summary:
The Multifamily Group is pleased to present the exclusive offering of High Oaks, an exceptional value-add opportunity located in Richardson, Texas. Originally constructed between 1963 and 1965, the property comprises 88 units with floorplans ranging from efficiencies to spacious three-bedroom layouts of up to 1,280 square feet. Currently 91% occupied, High Oaks is being offered free and clear of existing debt or the current Freddie Mac loan can be assumed with a loan balance around ~$5.4MM and a 3% interest rate.
Value-Add:
- Reduce the water bills by implementing a water conservation program. (See SWC quote on pages 11-12)
- Implement a cable contract that can be billed back to the tenants.
- Renovated units are achieving $200 premiums; 9 classic units remain to be upgraded.
Capital Expenditures:
- New roofs installed (2025): $239,000
- Chiller replacement (2025): $51,000
- Exterior painted (2025): $48,500
- Parking lot resealed and restriped (2025): $16,000
- For a complete list of capital improvements, please contact a TMG broker.
Location:
High Oaks offers an unbeatable location in one of North Texas’s most desirable and fast-growing communities. Situated just minutes from Interstate-75, High Oaks provides residents with convenient access to the entire Dallas-Fort Worth metroplex. Richardson is a city on the rise, anchored by the renowned Telecom Corridor, home to industry leaders like Texas Instruments, Samsung, Raytheon, and State Farm, and strengthened by a robust job market, award-winning schools, and the presence of the University of Texas at Dallas. The city’s proactive economic development has drawn major investments, including a new GEICO facility bringing over 1,000 jobs by fall 2025. Cultural and lifestyle amenities continue to expand, with the revitalized CORE District offering dining and