The Carolina

4929 Reiger Avenue, Dallas, TX 75214

  • For Sale $5,500,000
  • Property Type Multi-Family
  • Property Size 29,946 SF
  • Units 38
  • Lot Size 1 Acre
  • Year Built 1962
  • Date Updated Apr 22, 2024
The Carolina is a location driven property nestled within the vibrant and eclectic neighborhood of East Dallas. This investor friendly neighborhood is one of the most popular submarkets in Dallas, TX. The median home price sold in this zip code is $748,000, many people are drawn to the proximity of parks, white rock lake, and restaurants. Commuting is a breeze thanks to easy access to major highways and thoroughfares, allowing for convenient travel throughout the Dallas-Fort Worth metroplex.The Carolina is a 38 unit apartment complex located in the highly sought after East Dallas market. The building is two-story with brick and pitched composition roof and situated on 43,540 sqft of land. Renovated in 2015-2017 The Carolina features a mix of studios, one and two-bedroom apartments. Units have recessed lighting in the ceilings, full kitchens with stainless steel appliances, updated bathrooms, and several units offer in-unit laundry options. The building is on a chiller boiler system, with a brand new chiller replaced less than two years ago. This is a great turnkey option as it sits or a great minor value add option to increase rents.

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Highlights

  • Extensive Renovation in 2015-2017
  • One of the most popular investor neighborhoods, with strong rental demand
  • Prime location with convenient access to Dallas

Contacts

broker

Matthew Cassidy

Perry Guest Company

(314) 724-5734

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Munger Place
  • Zip Code 75214
  • Market Dallas Fort Worth

Points of Interest

  • Fair Park

    1.06 miles

  • Baylor University Medical Center

    1.27 miles

  • Deep Ellum

    1.61 miles

  • MLK Jr.

    1.63 miles

  • Cityplace/Uptown

    1.78 miles

  • Pearl/Arts District

    1.91 miles

  • Cityplace West & Noble

    1.97 miles

  • McKinney & Blackburn

    2.00 miles

  • Cityplace West & McKinney

    2.02 miles

  • Federal & Olive

    2.03 miles

  • Valero

    0.33 miles

  • 7-Eleven

    0.44 miles

  • Valero

    0.45 miles

  • Shamrock

    0.49 miles

  • 7-Eleven

    0.91 miles

  • Shamrock

    1.00 miles

  • 7-Eleven

    1.01 miles

  • Texaco

    1.05 miles

  • Exxon

    1.07 miles

  • Exxon

    1.33 miles

  • Buckner Park Lot

    0.29 miles

  • Residence Parking

    0.86 miles

  • Residence Parking

    1.00 miles

  • DTS Commuter Lot

    1.01 miles

  • Platinum Park

    1.16 miles

  • Elm Street Garage

    1.98 miles

  • Sheraton Guest Parking

    2.01 miles

  • Neiman Marcus Parking

    2.26 miles

  • Fountain Place Parking Garage

    2.37 miles

  • Lot 95

    2.42 miles

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

    1.15 miles

  • Palace Suites Dallas

    1.68 miles

  • Best Western

    1.87 miles

  • Quality Inn & Suites Dallas-Cityplace

    1.87 miles

  • Dallas Marriott City Center

    1.96 miles

  • Sheraton Dallas

    1.97 miles

  • HALL Arts Hotel, Dallas, Curio Collection by Hilton

    1.99 miles

  • La Quinta Inn

    2.02 miles

  • Hotel Indigo Dallas Downtown

    2.05 miles

  • Bailey's Uptown Inn

    2.07 miles

  • Cici's Pizza

    0.22 miles

  • Garden Cafe

    0.36 miles

  • Chicken House

    0.37 miles

  • Harvey B's

    0.41 miles

  • Pope's Chicken

    0.47 miles

  • El Paisano Restaurant Y Taqueria

    0.51 miles

  • Petra and the Beast

    0.72 miles

  • Vientiane

    0.87 miles

  • Jack in the Box

    0.88 miles

  • Bangkok City Restaurant

    0.89 miles

  • Ignacio Zaragosa Elementary School

    0.39 miles

  • Peak Preparatory School

    0.74 miles

  • Criswell College

    0.78 miles

  • William Lipscomb Elementary School

    0.81 miles

  • Oran M Roberts Elementary School

    0.85 miles

  • IDEA PLC High School at Fannin

    0.88 miles

  • Dallas Theological Seminary

    0.91 miles

  • Dallas Theological Seminary

    0.94 miles

  • Texas Can Academy

    1.02 miles

  • Woodrow Wilson High School

    1.02 miles

  • Swiss Learning Center

    0.95 miles

  • Parent Day Out

    2.33 miles

  • Little Rascals II Daycare & Learning Center

    5.54 miles

  • Lil Rascals Learning Center

    6.93 miles

  • Apple Tree Christian Academy

    7.93 miles

  • Cornerstone Learning Center

    8.68 miles

  • Jerry Junkins Head Start

    9.32 miles

  • Little Scholars Academy

    9.90 miles

Frequently Asked Questions

What is the lease rate for The Carolina?

Rental asking rate at The Carolina is $2,750,000.00/YR.

What is the total square footage of The Carolina?

The Carolina totals 29,946 square feet.

When was this property built?

The Carolina was built in 1962.

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Contact Listing Broker

broker

Matthew Cassidy

Perry Guest Company

(314) 724-5734