5820 Reiger Avenue, Dallas, Texas 75214

$1,080,000
List Price
$1,080,000
MLS#
20617875
Status
ACTIVE
Type
Multifamily
Year Built
1930
Construction Status
Preowned
Acres
0.33
County
Dallas
City
Dallas
Subdivision
Junius Heights
Building Name
Barcelona

Property Description

One of 5 properties in a portfolio of 31 units in East Dallas, all within a 2-mile radius. At the Barcelona, tenants enjoy easy access to popular restaurants and attractions in Dallas, with close proximity to Lower Greenville, Uptown, Deep Ellum and Downtown Dallas, and the property is within walking distance to Woodrow Wilson High School. The offering consists of 8 units with 7 spacious one-bedroom units averaging around 800 SF and 1 studio. The property has had the same ownership for over 20 Years and offers various value add opportunities including increasing rents through unit upgrades, selling off units as a condominium conversion, or converting to short or mid-term rentals. Property also includes shared washer and dryers for tenants. See Transaction Desk for the OM with the entire portfolio and provided financial analysis for each property. Can buy all of them together or separately. Reach out to agent for financials. No showings for occupied until execution.

Additional Information

HOA
No HOA
Lot Size
14,157
Acres
0.33
Subdivided
No
Interior Features
Cable TV Available, Decorative Lighting, High Speed Internet Available
Flooring
Luxury Vinyl Plank, Tile, Wood
Foundation
Pillar/Post/Pier
Roof
Shingle
Stories
2
Street Utilities
City Sewer, City Water, Electricity Connected, Master Gas Meter
Heating Cooling
Electric
Construction Material
Brick, Wood
Parking Garage
Concrete, Unassigned
Total Num Parking
8
School District
Dallas Isd
Elementary School
Lipscomb
Middle School
Long
High School
Woodrow Wilson
Possession
Closing/Funding
Building Sq. Ft.
6300
Number of bldgs.
1
Number of units
8
Possession
Closing/Funding
Community Features
Laundry

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Esther Cho from GSFREA LLC. Contact: