The Carolina | 4929 Reiger Ave
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The Carolina 4929 Reiger Ave
38 Unit Block of Flats £3,180,372 (£83,694/Unit) Dallas, TX 75214
INVESTMENT HIGHLIGHTS
- The Carolina is a 38-unit apartment building offering studio, one, and two-bedroom units.
- One of the most popular investor neighborhoods, with strong rental demand.
- Prime location with convenient access to downtown Dallas, Texas.
- Unit features include stainless steel appliances, in-unit laundry connections, large closets, and gated/ secure parking.
EXECUTIVE SUMMARY
Introducing The Carolina at 4929 Reiger Avenue in Dallas, TX. 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 and one- and two-bedroom apartments equipped with modern features like recessed lighting, stainless steel appliances, laminate wood flooring, and several units with in-unit laundry options. This property offers excellent value-add potential through increasing rental income.
Situated on one 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.
The Carolina is offered at a price point below what it would cost to build today - only $133 a foot. It is a perfect opportunity for an investor seeking strong rental demand or a strategic location.
Situated on one 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.
The Carolina is offered at a price point below what it would cost to build today - only $133 a foot. It is a perfect opportunity for an investor seeking strong rental demand or a strategic location.
PROPERTY FACTS
| Price | £3,180,372 | Apartment Style | Low Rise |
| Price Per Unit | £83,694 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| No. Units | 38 | Building Size | 25,947 SF |
| Property Type | Multifamily | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2016 |
| Price | £3,180,372 |
| Price Per Unit | £83,694 |
| 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 |
| Number of Floors | 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 | £2,540,107 |
| Land Assessment | £865,675 | Total Assessment | £3,405,782 |
PROPERTY TAXES
Parcel Number
00000153010000000
Land Assessment
£865,675
Improvements Assessment
£2,540,107
Total Assessment
£3,405,782
ZONING
| Zoning Code | Z239 (PD) |
| Z239 (PD) |
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The Carolina | 4929 Reiger Ave
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