Next Level Realty

5309 Reiger Avenue

Dallas, TX 75214

MLS#: 21238193

$725,000

Status: Active
Listing number: 21238193
Listing provided by: BK Real Estate
Listing agent phone: None
Last update: N/A
New on site 2 days ago
Browse Properties
Appel & Harpers - Residential Income

Property

Beds

5

Full Baths

5

1/2 Baths

None

Year Built

1925

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Other Interior Features

    High Speed Internet

  • Total Bedrooms

    5

  • Bathrooms

    5

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Parking

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.23

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $725,000

  • Tax Amount

    $14,859

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Lipscomb

  • Middle School

    Long

  • High School

    Woodrow Wilson

Property Features

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    2

  • Water Source

    Public

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Location

County

Dallas

Elementary School

Lipscomb

Middle School

Long

High School

Woodrow Wilson

Listing Courtesy of Harrison Sharp , BK Real Estate

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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.

5309 Reiger Avenue

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