5309 Reiger Ave, Dallas, TX 75214

Beds
5
Baths
5
Sqft
3,848

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Listed byBK Real Estate LLC
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
5
Number of bathrooms
5
Square feet
3,848
Lot size (acres)
0.23
Year built
1925

Utilities

Heating
Central, Electric
Cooling
Central Air, Electric

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21238193 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.