5305 Reiger Ave | Dallas, TX 75214
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- LoopNet Team
5305 Reiger Ave
Dallas, TX 75214
Seller Financing Available - 5301 Reiger · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 1920's Value-add apartments located in close proximity to downtown Dallas, Baylor University Medical Center, White Rock Lake & Lakewood
- Currently, there are no RUBS for water, trash, sewer, pest, non-refundable pet deposits or laundry income.
- Exceptionally high sub-market rent growth
- Continue the in-place renovation / upgrade program and capture loss-to-lease between current and proforma market rents.
- Competing properties achieving up to $590 more per unit with renovations to include open kitchens, quartz countertops, and stainless steel appliances
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 7,301 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1927 |
| Zoning | MF2 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,301 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | MF2 |
PROPERTY TAXES
| Parcel Number | 00000156679000000 | Improvements Assessment | $1,338,400 |
| Land Assessment | $161,600 | Total Assessment | $1,500,000 |
PROPERTY TAXES
Parcel Number
00000156679000000
Land Assessment
$161,600
Improvements Assessment
$1,338,400
Total Assessment
$1,500,000
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