5820 Reiger Avenue Active Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75214
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,022 sqft
Price per Sqft $182
Subdivision Junius Heights
MLS Listing ID 20768746
Year Built 1930
Lot Size 0.325 Acres
Property Description
Nestled in Old East Dallas, Barcelona consists of 8 units and is conveniently located near Downtown Dallas, Baylor University Medical Center and popular spots such as Deep Ellum and Lower Greenville. Property is currently 100% occupied with room to increase rents with additional updates. Unit mix is 7 one bedrooms and 1 studio, with units 1 and 5 having their own private patio and back units enjoying a large shared fenced backyard. Owner recently completed renovation work that includes new gas lines, highly efficient mini split AC units in 6 out of 8 units; partial updates to select bathrooms, new patio furniture, updated landscaping and more. Owner also installed a 30-year roof in 2017 with added insulation. Landlord covers utilities and bills back with a flat utility fee. When including all fees (pet, utility, CAM, trash and pest) plus base rent, rents for all 8 units averages $1,440, with rents ranging from $1,177 to $1,666. See Transaction Desk for the OM. Reach out to agent for financials including the Rent Roll.
Location
State TX
County Dallas
Interior
Heating Electric
Cooling Electric,Window Unit(s)
Flooring Luxury Vinyl Plank,Tile,Wood
Exterior
Utilities Available City Sewer,City Water,Electricity Connected,Master Gas Meter
Roof Type Shingle
Building
Story Two
Foundation Pillar/Post/Pier
Structure Type Brick,Wood
Schools
Elementary Schools Lipscomb
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional