The Carolina | 4929 Reiger Ave
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The Carolina 4929 Reiger Ave
38 Unit Apartment Building $3,999,000 ($105,237/Unit) Dallas, TX 75214
Investment Highlights
- Extensive Renovations in 2015-2017
- Prime location with convenient access to downtown Dallas
- One of the most popular investor neighborhoods, with strong rental demand
Executive Summary
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 $133 a foot. Perfect opportunity for an investor seeking strong rental demand or looking for a strategic location.
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 $133 a foot. Perfect opportunity for an investor seeking strong rental demand or looking for a strategic location.
Property Facts
| Price | $3,999,000 | Apartment Style | Low Rise |
| Price Per Unit | $105,237 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| No. Units | 38 | Building Size | 25,947 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2016 |
| Price | $3,999,000 |
| Price Per Unit | $105,237 |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 25,947 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2016 |
Unit Amenities
- Air Conditioning
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 440 - 441 |
| 1+1 | 12 | - | 600 - 660 |
| 2+1 | 19 | - | 768 - 832 |
| 2+1.5 | 1 | - | 832 |
| 2+2 | 1 | - | 832 |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 00000153010000000 | Improvements Assessment | $3,193,930 |
| Land Assessment | $1,088,500 | Total Assessment | $4,282,430 |
PROPERTY TAXES
Parcel Number
00000153010000000
Land Assessment
$1,088,500
Improvements Assessment
$3,193,930
Total Assessment
$4,282,430
zoning
| Zoning Code | Z239 (PD) |
| Z239 (PD) |
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The Carolina | 4929 Reiger Ave
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