5309 Reiger Avenue

About this property

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.

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