The Barcelona | 8 Units, 100% Occupied | 5820 Reiger Ave
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The Barcelona | 8 Units, 100% Occupied 5820 Reiger Ave
8 Apartment Units Online Auction Sale Dallas, TX 75214
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Investment Highlights
- The Barcelona at 5820 Reiger Avenue is an eight-unit multifamily complex comprising seven one-bedroom/one-bath units and one studio.
- Partial renovations in 2024 increased rents by roughly 10%, presenting immense value-add by finishing renovations on remaining units.
- Thanks to its prime location and distinctive community charm, the neighborhood has seen a consistent increase in property values and rental demand.
- Situated in Old East Dallas, one of the city’s most historic and lively neighborhoods, a short distance from the downtown area.
- Upgrades include replacing window units, bathroom showers, new patio furniture and turf, and fully replacing the main gas line.
Executive Summary
Global Real Estate Advisors is pleased to partner with Ten-X to present the fully occupied, income-generating, and value-add opportunity at The Barcelona in Dallas, Texas. This historic property includes seven one-bedroom units and one studio, averaging 788 square feet. The 10-foot ceilings and abundant natural light make the spaces feel roomy. Located just 4 miles northeast of Downtown Dallas and eight minutes from Deep Ellum’s entertainment district, Barcelona offers both convenience and charm.
Earlier this year, the replacement of the main gas line, patio furniture, turf, bathroom showers, and more were invested into upgraded units for tenants. However, not all units received the updated interior and exterior furnishings. Additional kitchen and bathroom upgrades, cabinetry updates, and floor resurfacing offer additional value-add opportunities, potentially adding $200 in monthly rental premiums. Technology packages like Wi-Fi thermostats and keyless entry would also enhance tenant appeal and retention. The partial interior upgrades have proven to be a rental premium of an average of $125/unit. A complete renovation could push this to almost $200/unit.
Surrounded by the Junius Heights Historic District, Barcelona benefits from strong local economic and demographic trends. The average household income is nearly $115,000, and the average home price is $462,179. Barcelona offers quick access to Interstate 30 and Highway 75/ North Central Expressway. Baylor University Medical Center, one of the city’s major employers, is 1.4 miles southwest of the property, and the Main Street District of Downtown Dallas is less than 3 miles away.
Inquire today to learn more about the opportunity to create a fully furnished unit for a corporate housing structure — similar units can go for as much as $3,200/month.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Earlier this year, the replacement of the main gas line, patio furniture, turf, bathroom showers, and more were invested into upgraded units for tenants. However, not all units received the updated interior and exterior furnishings. Additional kitchen and bathroom upgrades, cabinetry updates, and floor resurfacing offer additional value-add opportunities, potentially adding $200 in monthly rental premiums. Technology packages like Wi-Fi thermostats and keyless entry would also enhance tenant appeal and retention. The partial interior upgrades have proven to be a rental premium of an average of $125/unit. A complete renovation could push this to almost $200/unit.
Surrounded by the Junius Heights Historic District, Barcelona benefits from strong local economic and demographic trends. The average household income is nearly $115,000, and the average home price is $462,179. Barcelona offers quick access to Interstate 30 and Highway 75/ North Central Expressway. Baylor University Medical Center, one of the city’s major employers, is 1.4 miles southwest of the property, and the Main Street District of Downtown Dallas is less than 3 miles away.
Inquire today to learn more about the opportunity to create a fully furnished unit for a corporate housing structure — similar units can go for as much as $3,200/month.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per Unit
Dallas-Fort Worth - TX USA
Market Cap Rate
Dallas-Fort Worth - TX USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Lot Size | 0.33 AC |
| Sale Conditions | Auction Sale | Building Size | 6,300 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2024 |
| Apartment Style | Low Rise | Parking Ratio | 1.27/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1930/2024 |
| Parking Ratio | 1.27/1,000 SF |
Amenities
Unit Amenities
- Fireplace
- Kitchen
- Wooden Floors
- Tub/Shower
Site Amenities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 600 - 850 |
| Studios | 1 | - | 600 |
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 00000166603000000 | Improvements Assessment | £542,410 |
| Land Assessment | £177,444 | Total Assessment | £719,854 |
PROPERTY TAXES
Parcel Number
00000166603000000
Land Assessment
£177,444
Improvements Assessment
£542,410
Total Assessment
£719,854
zoning
| Zoning Code | Z239 |
| Z239 |
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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The Barcelona | 8 Units, 100% Occupied | 5820 Reiger Ave
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Presented by
The Barcelona | 8 Units, 100% Occupied | 5820 Reiger Ave
Already a member? Log In
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