Listed by Perry Guest Investment Services
$2,650,000
Emerald Isle + El Caro
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,912
Net Rentable (SqFt) 22,912
Class C
Year Built 1960
Buildings 2
Lot Size (SqFt) 35,700
Zoning PD-98
Investment Type Redevelopment
Value Add Opportunity! Two Apartments (30 Units) - $88k/Unit
Marketing description
Prime opportunity to purchase two apartments (30 units) in east Dallas sitting on roughly 35,700 sq ft of land, zoned PD-98 (NO historic designation). Emerald Isle is vacant and ready for a full rehab while El Caro is leased at 83% occupancy. This location is close to all things East Dallas as well as Deep Ellum, Baylor Hospital, the Santa Fe Trail, etc.
Investment highlights
- Two Adjacent Apartments - 30 Units
- New Roof Installed at 4523 Reiger in 2020
- New HVAC Installed at 4535 Reiger in 2020
- Located Just South of Popular Munger Place
Listing Contacts
Listed by Perry Guest Investment Services
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