$4,500,000 Price Analysis    ♡   Dallas, TX 75214 Unknown bed 0 bath 29,946 SqFt ($150/SqFt) 1.0 acre lot. Built 1962 Listed 2024-03-22, Taxes $87,513 | Ⓧ USDA Ineligible due to price & location near Dallas |
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 fantastic value-add potential through increasing rental income. THE CAROLINA is offered at price point under what it would cost to build today at $183 a foot. Perfect opportunity for n investor seeking strong rental demand or looking for a strategic location.
Presented by Matt Cassidy at
PERRY GUEST COMPANY.
Property MLS #20567840 from NTREIS
Eat-in Kitchen
High Speed Internet Available
Open Floorplan
Walk-In Closet(s)
Flooring: Laminate
Disposal
Electric Range
Refrigerator
Vented Exhaust Fan
Lot Size Square Feet: 43540
Calculated Total Monthly Association Fees: 0
Association Name: The Carolina
High School: North Dallas
Middle School: Long
School District: Dallas ISD
Map directions Map directions Map directions Map directionsCounty: Dallas
Directions: Head west on Munger from Columbia Ave...Turn south on to Reiger...Building is located on the north side of Reiger
Source Property Type: Residential Income
Source Neighborhood: East Dallas
Parcel Number: 1430 00A 00400 1DA1430 00A
Subdivision: East Dallas
Property Subtype: Apartment
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $2,411,500 + $1,088,500 $3,500,000 | $87,513 |
| 2021 | $1,951,500 + $1,088,500 $3,040,000 | $80,194 |
| 2020 | $1,554,800 + $870,800 $2,425,600 | $65,803 |
| 2019 | $1,346,900 + $653,100 $2,000,000 | $54,671 |
| 2018 | $3,851,680 + $348,320 $4,200,000 | $119,499 |
| 2017 | $1,051,680 + $348,320 $1,400,000 | $38,069 |
| 2016 | $1,051,680 + $348,320 $1,400,000 | $38,070 |
| 2015 | $395,430 + $348,320 $743,750 | $20,392 |
| 2014 | $345,430 + $348,320 $693,750 | $18,959 |
| 2013 | $304,310 + $348,320 $652,630 | $17,770 |
$4,500,000
NTREIS
Price Changed 2024-05-23
$4,995,000
NTREIS
Listed 2024-03-22
$5,500,000
NTREIS
Sold 2015-12-28
$0
Public Record
Building Area Total: 29946
Construction Materials: Construction: Brick, Wood
Foundation Details: Pillar/Post/Pier
Levels: Two
Property Age: 62
Roof: Composition
Year Built Details: Preowned
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.