$5,500,000
1± Acres
Active
Dallas County, TX

4929 Reiger, Dallas, Texas

MLS ID: 20567840
Status: Active
Price: $5,500,000
Acres:
Type: Apartment, Residential
Address: 4929 Reiger
City, State: Dallas, TX
County: Dallas County
ZIP Code: 75214
Parcel Number: 1430 00 A 00400 1 DA1430 00 A
Year Built: 1962

Description

Introducing THE CAROLINA at 4929 REIGER AVENUE, DALLAS, TX 75214

This 38-unit multifamily property is in the sought-after East Dallas market.

Renovated in 2015-2017, the two-story brick building offers a mix of studios, one, and two-bedroom apartments equipped with modern features like recessed lighting, stainless steel appliances, laminate wood flooring, and several units have in-unit laundry options.

Situated on 1.0 acre of land, the property has gated parking with covered options. With a prime location providing convenient access to Dallas, this turnkey investment opportunity is complemented by a recent chiller system replacement in the past 2 years.

This property offers great value-add potential through increasing rental income.

THE CAROLINA is offered at price point under what it would cost to build today at only $183 a foot. Perfect opportunity for an investor seeking strong rental demand or looking for a strategic location.

Directions: Head west on Munger from Columbia Ave...Turn south on to Reiger...Building is located on the north side of Reiger

Additional Information

Interior

Appliances: Dishwasher, Electric Range, Disposal, Refrigerator, Vented Exhaust Fan
Building Area Total: 29,946
Cooling (Yes/no): Yes
Cooling: Central Air, Ceiling Fans, Other
Flooring: Laminate
Interior Features: Eatin Kitchen, High Speed Internet, Open Floorplan, Cable TV, Walk In Closets

Exterior

Foundation Details: Pillar Post Pier
Lot Size Area: 43,540
Lot Size Square Feet: 43,540
Lot Size Units: Square Feet
Parking Features: Assigned, Asphalt, Covered, Electric Gate
Parking Total: 24
Roof: Composition
Stories: 2
Water Source: Public

Financial/HOA/Schools

Elementary School: Lipscomb
Elementary School District: Dallas ISD
Middle School: Long
Middle School District: Dallas ISD
High School: North Dallas
High School District: Dallas ISD
Subdivision Name: East Dallas
Karen Lenz

Karen Lenz

Cross Plains, Texas

(325) 668-3604

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of April 15, 2024 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: April 15, 2024 at 12:00:00 AM UTC

Listed By: Matthew Cassidy of Perry Guest Company