4015 Bowser Ave
Dallas, TX 75219
Bowser Nest · Multifamily Property For Sale · 9 Units

Located in the heart of the Oak Lawn Submarket, 4015 Bowser is a boutique 9-unit complex completely renovated with rents below market, presenting an easy value-add acquisition without the heavy lifting. Acquisition of 4015 Bowser offers a charming contemporary lifestyle 9-unit complex in a great location just minutes away from Mckinney Avenue, Arts District, Turtle Creek, Katy Trail, Deep Ellum, West End Marketplace, and American Airlines center. The area is one of Dallas’ most desirable locations as it is walkable to some of the best restaurants in the Metroplex such as Al Biernat’s Steakhouse, Eddie V’s Seafood, and Bob’s Steak and Chop House, with Whole Foods Store nearby for quick grocery shopping. In addition to the walkability, tenants enjoy 12 foot ceilings, spacious covered balconies, backyards, gated access, and private covered parking. New upgrades that separate this property from others include granite countertops, fireplace in each unit, recessed lighting, woodtype flooring, new landscaping, new appliances, W/D in every unit, a 50-year roof, and much more. The property is a mixture of 1 and 2 bedrooms, with some that are 2 stories, as well as spacious efficiencies that could be turned into 1 bedrooms as another value add. Rental drivers include multiple Class A developments nearby, strong employer based, over 300 people moving to the city on a daily basis, and one of the most walkable areas in the Metroplex. Highlights: One of the best locations in Dallas, Prime location in Oaklawn All Brand New Everything except the brick All units renovated Long Term Stabilized Yield or Covered land play True Value Add play by just increasing rent Value –add upside with 25% rental upside Multiple exits – convert into condos, covered land play, development in the future The growing population of over 42,000 boasts a median household income of $80,350, making it one of the wealthier areas in the Dallas metro. The submarket continues to generate developer attention and is one of the most construction-heavy areas in the metro. Area multifamily assets developed between 2015-Present are achieving effective rents as high as $2.76 per square foot and average effective rents at $2.10.