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Kameela Winters

kameela.winters@exprealty.com +1(817) 210-8325

$ 725,000

Est. payment -/mo

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Active

5309 Reiger AVE Dallas, TX 75214

5 Beds

5 Baths

3,848 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,848 sqft

Price per Sqft $188

Subdivision Appel & Harpers

MLS Listing ID 21238193

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1925

Annual Tax Amount $14,859

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Property Description

DO NOT DISTURB TENANTS, NO SHOWINGS UNTIL ACCEPTABLE EXECUTED OFFER. Come check out this RARE quadruplex located in a quickly developing and growing area is East Dallas within walking distance to the famous Swiss Avenue. The property is perfect is you're looking to generate income and watch your property value increase with the number of teardowns happening in this area. Three of the units are 1 bed, 1 bath, and the last unit is a 2 bed, 1 bath. The 1 bed units are currently being leased at $1,085, $1,135, and $1,000 respectively and the 2 bed unit is being leased for $1,375. All of these rent numbers are way under market rent for this area and after renovating and updating each unit there is a value add play for the buyer. Other updates from the current owner include - All PVC waste lines, 3 of the 4 HVAC units have been replaced the last 5 years, and the roof was replaced in 2012. All tenants pay their own electric, the tenants on the top units pay their water, on the bottom units the owner pays water with no charge back to them.

Location

State TX

County Dallas

Direction Use your GPS to take you right to the property.

Interior

Interior Features High Speed Internet, Cable TV

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Parking Features Other

Pool None

Utilities Available Sewer Available, Water Available, Cable Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Foundation Other

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Lipscomb

Middle Schools Long

High Schools Woodrow Wilson

School District Dallas Isd

Others

Tax ID 00000156682000000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21238193

Kameela Winters

Real Estate Agent | New Construction Specialist | License ID: 0791512

+1(817) 210-8325

Kameela Winters

5309 Reiger AVE Dallas, TX 75214

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5309 Reiger AVE