Price Reduction
Address
4929 Reiger, Dallas, TX
Price
$ 4,995,000
Property Attributes
  • MLS#20567840
  • TypeMulti-Family
  • CountyDALLAS
  • CityDallas
  • NeighborhoodEast Dallas
  • Zip75214
  • StyleApartment
  • Price$ 4,995,000
  • Bedrooms38
  • Full Bathrooms38
  • Half Bathrooms0
  • Lot Size0.9995 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property 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.

Elementary School
Lipscomb Elementary School
Price History
3/22/2024 Listed $5,500,000
5/23/2024 10% - $4,995,000

General Features

Heating Other
Complex Name The Carolina
Cooling Ceiling Fan(s),Central Air,Other
Utilities City Sewer,City Water,Electricity Connected,Master Gas Meter,Master Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Range,Refrigerator,Vented Exhaust Fan
School District Dallas ISD
Capitalization Rate 0.00
Year Built 1962
Levels Two
Will Subdivide No
Gross Annual Expenses 0.00
Property SubType Apartment
Subdivision Name East Dallas
County Dallas
Property Type Residential Income
Construction Materials Brick,Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions Head west on Munger from Columbia Ave...Turn south on to Reiger...Building is located on the north side of Reiger
City Dallas
Buyer Agent Compensation 1.5
Elementary School Name Lipscomb
High School North Dallas
Street Name Reiger
Elementary School Lipscomb
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20567840
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,Eat-in Kitchen,High Speed Internet Available,Open Floorplan,Walk-In Closet(s)
Flooring Laminate
Total Units 38
Unit Count 1
Lock Box Type See Remarks

Exterior Features

Parking Features Asphalt,Assigned,Covered,Electric Gate
Foundation Pillar/Post/Pier
Lot Size Area 43540.0000
Number Of Parking Spaces 24
Lot Size Units Square Feet
Building Area Total 29946.00
Lot Size Square Feet 43540.0000
Lot Size Acres 0.9995

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 75214

Price
AVG $1.81M
$5M
Visits
AVG 172
365
Data Provided by Inside Real Estate®
Year Built
AVG 1942
1962

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