East Dallas Portfolio

For Sale

5820 Reiger Avenue, Dallas, TX 75204

This Dallas property for sale is located at 5820 Reiger Avenue. Contact the listing broker for details on the current sale price for East Dallas Portfolio.

Contacts

broker

Todd Franks

GREA

(972) 916-9397

broker

Craig Jasso

GREA

(214) 986-5316

broker

Esther Cho

GREA

(972) 449-0440

Property Details

The East Dallas Portfolio is a 31-unit, 5-asset multifamily portfolio located within a two-mile radius in Old East Dallas that includes the esteemed historic neighborhoods of Swiss Avenue, Lakewood, and Peak Suburban. 

Constructed between 1913 to 1930, these boutique communities were purchased by the owner over 20 years ago and are in some of the best locations and boast the largest unit types in East Dallas, making this a once in a generation opportunity to purchase Historically significant buildings in Dallas’s urban core, where residential values range from high six-figures to eight-figures. Since the owner was one of the original “Urban Pioneers” in the area, he got the pick of the litter when it came to location and unit size. Crest Manor, located on Swiss Avenue, has an average unit size of approximately 1,000 SF for one bedroom apartments and the neighboring property fetches as much as $3500/unit per month for fully furnished short term (minimum 30-day stay) leases. Brookestone’s zoning allows for commercial use, opening the opportunity to repurpose the use as a Law Office, Art Studio, etc... and Barcelona is located within walking distance of Woodrow Wilson High School, one of the most desirable High School’s in Dallas. The properties offer a multitude of opportunities to add value through simple upgrades to repurposing the use, or selling off individual units as condominiums after conversion. 

The properties are being offered as a portfolio or for individual sale.

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Highlights

  • Visionary Owner in East Dallas known for value-add renovations started acquiring properties in the mid-1990s.
  • Boutique community with unique social environment. The majority of owners in East Dallas don't sell, presenting a rare investment opportunity.
  • New investor can increase tenant quality and rental income. Median age of tenants is 35.1, mix of young professionals and adults.
  • Prized for walkability with numerous hiking, biking, and walking trails. Centralized location provides easy access to major grocery and food chains.
  • Portfolio offered free and clear of existing debt. Qualify for tax credits due to long tenure of ownership.

Attachments

Getting around

  • 53/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Dallas, TX
  • Neighborhood Lower Greenville
  • Zip Code 75204
  • Market Dallas Fort Worth

Points of Interest

  • White Rock

    2.55 miles

  • Blackburn

    2.68 miles

  • Cityplace West & Noble

    2.71 miles

  • Cityplace West & McKinney

    2.73 miles

  • Cole & West Village

    2.80 miles

  • McKinney & Lemmon

    2.88 miles

  • Fair Park

    2.97 miles

  • McKinney Plaza

    3.01 miles

  • Baylor University Medical Center

    3.05 miles

  • Cole & Bowen

    3.09 miles

  • 7-Eleven

    0.90 miles

  • Exxon

    1.09 miles

  • eVgo

    1.19 miles

  • 7-Eleven

    1.34 miles

  • Shamrock

    1.38 miles

  • Alon

    1.47 miles

  • QuikTrip

    1.73 miles

  • Valero

    1.85 miles

  • Texaco

    1.91 miles

  • Exxon

    2.00 miles

  • Moody Parking Garage

    2.01 miles

  • Binkley Parking Garage

    2.05 miles

  • Buckner Park Lot

    2.14 miles

  • Airline Parking Center

    2.29 miles

  • Dallas Arboretum Parking

    2.43 miles

  • Daniel Parking Center

    2.49 miles

  • Residence Parking

    2.50 miles

  • DTS Commuter Lot

    2.53 miles

  • Residence Parking

    2.59 miles

  • Platinum Park

    2.91 miles

  • Highland Hotel

    1.65 miles

  • The Beeman Hotel

    1.71 miles

  • La Quinta Inn

    1.92 miles

  • Best Western

    2.11 miles

  • Quality Inn & Suites Dallas-Cityplace

    2.14 miles

  • The Lumen

    2.31 miles

  • Palace Suites Dallas

    2.38 miles

  • DoubleTree

    2.84 miles

  • Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White

    2.85 miles

  • Hyatt House Dallas/Lincoln Park

    2.87 miles

  • WholeFoods

    0.55 miles

  • Tom Thumb

    0.98 miles

  • Trader Joe's

    1.15 miles

  • Sprouts Farmers Market

    1.40 miles

  • Kroger

    1.43 miles

  • Tom Thumb

    1.55 miles

  • Central Market - H-E-B

    1.99 miles

  • Trader Joe's

    2.10 miles

  • Tom Thumb 2642

    2.12 miles

  • ALDI

    2.25 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact East Dallas Portfolio