Barcelona

5820 Reiger Avenue, Dallas, TX 75214

  • For Sale Contact for pricing
  • Property Type Other
  • Units 8
  • Additional Rent Contact for pricing
  • Date Updated Dec 9, 2024

Ownership has recently completed a partial renovation of Barcelona in Summer 2024. This initiative began with the decision to fully replace the main gas line instead of opting for repairs, ensuring long-term reliability. Seizing this opportunity, ownership also undertook a modest interior update. This included replacing window units with mini-splits for a modern aesthetic and increased natural light. Some unit bathrooms were renovated to feature standing showers with glass dividers. Additionally, each unit’s patio received new furniture, umbrellas, and artificial grass for a vibrant and inviting outdoor space. These improvements allowed management to increase rents by as much as $110/month, or roughly 10%.

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Highlights

  • Prime Location: Barcelona is centrally located in Old East Dallas, offering easy access to Downtown Dallas, major highways, and popular neighborhoods like Deep Ellum and Lakewood.
  • Investment Potential: Recent partial renovations include gas line replacement, new mini-split systems, and upgraded patios, increasing rents by up to 10%. Full interior renovations present further value-add opportunities.
  • Strong Submarket: Old East Dallas is seeing rising property values and rental demand and second highest rent growth in Dallas with 4.9% YoY, attracting professionals and young families to its charming, high-demand neighborhoods.
  • Excellent Walkability: Close to the Santa Fe Trail, White Rock Lake, and Lakewood, the area offers both urban convenience and access to outdoor activities.
  • Financing Opportunity: The property is free of existing debt and may qualify for tax credits for future updates, making it a financially attractive option for investors.

Contacts

broker
Todd Franks

GREA

broker
Craig Jasso

GREA

broker
Esther Cho

GREA

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Transit Score ®

    26/100 Some Transit

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Lower Greenville
  • Zip Code 75214
  • Market Dallas Fort Worth

Points of Interest

  • Lovers Lane

    2.03 miles

  • White Rock

    2.55 miles

  • Blackburn & West Village

    2.68 miles

  • CityPlace & Noble

    2.71 miles

  • CityPlace & McKinney

    2.73 miles

  • Cole & West Village

    2.80 miles

  • McKinney & Lemmon

    2.88 miles

  • Fair Park

    2.97 miles

  • McKinney & Hall

    3.01 miles

  • Cole & Bowen

    3.09 miles

  • Exxon

    0.91 miles

  • Chevron

    1.04 miles

  • eVgo

    1.19 miles

  • 7-Eleven

    1.34 miles

  • Shamrock

    1.38 miles

  • Sunoco

    1.45 miles

  • Alon

    1.47 miles

  • QuikTrip

    1.73 miles

  • Valero

    1.85 miles

  • Tesla Supercharger

    3.14 miles

  • Lakewood Country Club Tennis Courts

    0.74 miles

  • Moody Parking Garage

    2.02 miles

  • Binkley Parking Garage

    2.05 miles

  • Hillcrest Parking Center

    2.18 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

  • Lot 49

    2.54 miles

  • Highland Hotel

    1.66 miles

  • La Quinta Inn

    1.92 miles

  • Carrara at Cole Apartments

    2.02 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

  • Element Dallas Downtown East

    2.52 miles

  • Canopy by Hilton Dallas Uptown

    2.67 miles

  • DoubleTree

    2.84 miles

  • Chipotle

    0.50 miles

  • Jack in the Box

    0.79 miles

  • DoubleDave's

    0.80 miles

  • Hudson House

    0.82 miles

  • Lover's Pizza and Pasta

    0.83 miles

  • Taco Joint

    0.83 miles

  • Meso Maya

    0.85 miles

  • Poke Bop

    0.86 miles

  • Subway

    0.87 miles

  • Burger House

    0.87 miles

  • Lakehill Preparatory School

    0.27 miles

  • Saint Thomas Aquinas Catholic Church and School

    0.56 miles

  • Lakewood Elementary School

    0.61 miles

  • Geneva Heights Elementary

    0.77 miles

  • Mockingbird Elementary School

    1.14 miles

  • William Lipscomb Elementary School

    1.16 miles

  • J L Long Middle School

    1.21 miles

  • Woodrow Wilson High School

    1.22 miles

  • John F Kennedy Learning Center

    1.54 miles

  • Solar Preparatory STEAM School for Girls

    1.71 miles

  • East Dallas Developmental Center

    0.79 miles

  • Swiss Learning Center

    2.60 miles

  • Parent Day Out

    3.71 miles

  • Lil Rascals Learning Center

    6.52 miles

  • Little Rascals II Daycare & Learning Center

    6.78 miles

  • The Warren Center

    7.40 miles

  • Cornerstone Learning Center

    7.61 miles

  • Little Scholars Academy

    8.08 miles

  • Cisneros Pre-Kindergarten

    8.13 miles

  • Handprints Academy

    8.18 miles

Frequently Asked Questions

How much does Barcelona cost?

The sale price for Barcelona is available upon request. Contact the listing broker for more information.

What is the total square footage of Barcelona?

Barcelona totals 6,300 square feet.

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Contact Barcelona