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Paragon Apartments 4718-4722 Reiger Ave

38 Unit Apartment Building $5,100,000 ($134,211/Unit) Dallas, TX 75246

Executive Summary

Introducing Paragon Apartments, a rare opportunity to invest in a prime multifamily complex located in the vibrant heart of Dallas. This 38-unit income-producing property is strategically situated at 4718-4722 Reiger Ave, offering unbeatable accessibility to Dallas’s thriving business, cultural, and entertainment hubs.
95% Occupancy, Situated in a high-demand rental area, attracting both local residents and newcomers seeking Dallas’s urban appeal. Proven income history with solid ROI potential for investors.
Dallas has experienced significant growth over recent years, establishing itself as a powerhouse in both economic development and residential appeal. With a steady population increase and a booming job market, Dallas ranks as one of the top metro areas for business and employment growth, fueled by expansions in technology, finance, healthcare, and real estate sectors. This trend has driven high demand in the rental market, making properties like Paragon Apartments exceptionally valuable for investors looking to capitalize on Dallas's sustained growth.
Whether you're expanding your portfolio or looking for a secure, income-generating asset, Paragon Apartments is an opportunity you don’t want to miss!

Attachments

Reiger Ave Flyer

Property Facts

Price $5,100,000
Price Per Unit $134,211
Sale Type Investment
No. Units 38
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 1.01 AC
Building Size 26,442 SF
Average Occupancy 92%
No. Stories 2
Year Built/Renovated 1959/2017
Parking Ratio 1.79/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Ceiling Fans
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Tub/Shower
  • Smoke Free

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Gated
  • Grill

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 9 - 242 - 343
1+1 9 - 528 - 675
2+1 6 - 750 - 810
2+2 6 - 810 - 926
3+2 8 - 1,053 - 1,061
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 00000126088000000
  • 00000126085000000
Land Assessment
$1,096,880
Improvements Assessment
$3,803,120
Total Assessment
$4,900,000

zoning

Zoning Code MFR (Commercial)
MFR (Commercial)
  • Listing ID: 33662732

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 4718-4722 Reiger Ave, Dallas, TX 75246

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