4929 Reiger Ave, Dallas, TX 75214
FOR SALE1 ACRE

4929 Reiger Ave
Dallas, TX 75214

Munger Place
  • Studio
  • 29,946 sqft (on 1 acre)
  • Studio
  • 29,946 sqft (on 1 acre)

$5,500,000

Est. Mortgage $36,722/mo*

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

Introducing THE CAROLINA at 4929 REIGER AVENUE, DALLAS, TX 75214

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, one, and two-bedroom apartments equipped with modern features like recessed lighting, stainless steel appliances, laminate wood flooring, and several units have in-unit laundry options.

Situated on 1.0 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.

This property offers great value-add potential through increasing rental income.

THE CAROLINA is offered at price point under what it would cost to build today at only $183 a foot. Perfect opportunity for an investor seeking strong rental demand or looking for a strategic location.

Home Highlights

Parking
24 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$184
Listed
36 days ago

Home Details for 4929 Reiger Ave

Interior Features

Appliances & Utilities
Utilities: Electricity Connected, Sewer Available, Water Available, Cable AvailableAppliances: Dishwasher, Electric Range, Disposal, Refrigerator, Vented Exhaust FanDishwasherDisposalRefrigerator
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),OtherHeating Fuel: Other
Windows, Doors, Floors & Walls
Flooring: Laminate
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Laminate

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Pillar/Post/Pier
Parking & Garage
Parking Spaces: 24Parking: Assigned,Asphalt,Covered,Electric Gate
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 36

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, Apartment
Building
Construction Materials: Brick, Wood Siding
Property Information
Parcel Number: 1430 00A 00400 1DA1430 00A

Price & Status

Price
List Price: $5,500,000Price Per Sqft: $184
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: DallasCommunity: East Dallas
School Information
Elementary School: LipscombElementary School District: Dallas ISDJr High / Middle School: LongJr High / Middle School District: Dallas ISDHigh School: North DallasHigh School District: Dallas ISD

Agent Information

Listing Agent
Listing ID: 20567840

Building

Building Area
Building Area: 29946 Square Feet

HOA

No HOA

Lot Information

Lot Area: 1 acre

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 20567840Living Area Range Units: Square FeetAttribution Contact: 214-528-9250
Last check for updates: about 19 hours ago
Listing courtesy of Matthew Cassidy 0714494, (214) 528-9250
Perry Guest Company
Source: NTREIS, MLS#20567840

Price History for 4929 Reiger Ave

DatePriceEventSource
03/22/2024$5,500,000Listed For SaleNTREIS #20567840

Similar Homes You May Like

New Listings near 4929 Reiger Ave

Comparable Sales for 4929 Reiger Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.27
Multi-Family Home
-
03/07/24
-
7,301
0.85
Multi-Family Home
-
03/20/24
-
47,498
0.29
Multi-Family Home
-
02/29/24
8
-
6,783
0.28
Multi-Family Home
-
02/29/24
8
-
4,454
0.30
Multi-Family Home
-
08/25/23
4
-
3,848
0.34
Multi-Family Home
-
09/21/23
3
3
2,600
0.33
Multi-Family Home
-
08/09/23
6
-
3,064
0.30
Multi-Family Home
-
01/11/24
8
-
2,760
0.33
Multi-Family Home
-
07/27/23
3
3
2,155
0.33
Multi-Family Home
-
05/19/23
3
3
2,596

What Locals Say about Munger Place

  • Chloe G.
    "I live in the best neighborhood in the US. Gorgeous bourse, walkable streets, friendly accepting neighbors, porch parties on Fridays with kids running around, and generally good people living their best lives."
    25
    Flag
  • Meredith t.
    "Wide streets, historic homes, friendly neighbors, tall trees, walking distance to parks and playgrounds"
    1
    Flag
  • Chrystinp
    "I have lived in this neighborhood for 20 years and it is a fabulous neighborhood. Extremely active in public affairs, Mom's groups, neighborhood porch parties 9 months of the year, great schools, lots going on, and we're central to everything. Within five miles of almost everything you'd want to do. Five or so blocks from I-30, which is a straight shot to Fort Worth (about 30-40 minute drive). Midway is Arlington with the Ballpark, the Cowboys, Six Flags, Water park (drawing a blank on the name, Hurricane Harbor?). Really, I don't think there's a better neighborhood, anywhere!"
    1
    Flag

LGBTQ Local Legal Protections

Matthew Cassidy, Perry Guest Company
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
4929 Reiger Ave, Dallas, TX 75214 is a studio, 29,946 sqft multi-family built in 1962. 4929 Reiger Ave is located in Munger Place, Dallas. This property is currently available for sale and was listed by NTREIS on Mar 22, 2024. The MLS # for this home is MLS# 20567840.