4929 Reiger Avenue

Dallas, TX 75214

$5,500,000
Price
—
Beds
29,946 Sq. Ft.
$184 / Sq. Ft.
29,946
Sq. Ft.
$184
per Sq. Ft.

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
...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.
  1. Listed by Matthew Cassidy • TREC #0714494 • Perry Guest Company • 214-528-9250

Property Details for 4929 Reiger Avenue

Subdivision Name
East Dallas
Pool
No
Number Of Parking Spaces
24

Location

Listing Courtesy of Perry Guest Company, Matthew Cassidy
Add your commute
LISTING UPDATED: 03/22/2024 10:10 PM

Property Details for 4929 Reiger Avenue

StatusActive
MLS #20567840
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1962
Lot Size1.00 AC / 43,540 SF
CountyDallas County

Location

Listing Courtesy of Perry Guest Company, Matthew Cassidy
Add your commute

Building Information for 4929 Reiger Avenue

Stories2Residences38Year Built1962Building Size-Lot Size1.00 AC / 43,540 SF

Payment Calculator

$38,205 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$8,189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4929 Reiger Avenue

Summary
Location and General Information
  • Complex Name: The Carolina
  • Directions: Head west on Munger from Columbia Ave...Turn south on to Reiger...Building is located on the north side of Reiger
  • Elementary School: Lipscomb
  • Elementary School Name: Lipscomb
  • High School: North Dallas
  • High School Name: North Dallas
  • Middle School: Long
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: Medium
  • Latitude: 32.80
  • Longitude: -96.76
  • State: Texas
Parking
  • Parking Features: Asphalt, Assigned, Covered, Electric Gate
Taxes and HOA Information
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate
  • Heating: Other
  • Interior Features: Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
  • Cooling: Ceiling Fan(s), Central Air, Other
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Wood
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 38
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water, Electricity Connected, Master Gas Meter, Master Water Meter
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: Address
Lot Information
  • Lot Size Acres: 0.9995
  • Lot Size Area: 43540.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 43540.0
  • Multi Parcel ID: No
  • Parcel Number: 1430 00A 00400 1DA1430 00A
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: .00%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $0
  • Insurance Expense: $0
  • Net Operation Income: $.00
Unit 1
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Unit Type Type: 1 Bedroom

Property History for 4929 Reiger Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4929 Reiger Avenue

Taxable ValueLand$1,088,500Additions$3,193,930Total$4,282,430
Tax Record2023$98,272 ($8,189 / month)
Home Facts
Total Finished SqFt29,946 SqFtAbove Grade Finished SqFt29,946 SqFtStories2Lot Size43,540 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningZ239CountyDALLASAPN00000153010000000

Schools near 4929 Reiger Avenue

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
William Lipscomb Elementary School
PublicPK to 5

J L Long Middle School
Public6 to 8

Woodrow Wilson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4929 Reiger Avenue is a multi-family home for sale in Dallas, TX 75214. This property was listed for sale on March 22, 2024 by Perry Guest Company, it's currently listed at $5,500,000. This listing's school district is Dallas Independent School District. Nearby schools include William Lipscomb Elementary School, J L Long Middle School and Woodrow Wilson High School. 4929 Reiger Avenue is a 0-bed, 0-bath, 29,946 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Perry Guest Company, Matthew Cassidy

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 03/22/2024 10:10 PM