The Carolina

4929 Reiger Avenue, Dallas, TX 75214

  • For Sale $3,999,000
  • Property Type Multi-Family
  • Property Size 29,946 SF
  • Units 38
  • Lot Size 1 Acre
  • Additional Rent Contact for pricing
  • Year Built 1962
  • Date Updated Nov 14, 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 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

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

  • Deep Ellum

    1.61 miles

  • MLK Jr.

    1.63 miles

  • CityPlace & Noble

    1.97 miles

  • CityPlace & McKinney

    2.02 miles

  • Federal & Olive

    2.03 miles

  • Blackburn & West Village

    2.05 miles

  • Olive & San Jacinto

    2.05 miles

  • McKinney & Lemmon

    2.07 miles

  • Federal & Harwood

    2.09 miles

  • Phillips 66

    0.14 miles

  • Valero

    0.33 miles

  • 7-Eleven

    0.44 miles

  • Shamrock

    0.49 miles

  • Peak Mart

    0.71 miles

  • Sunoco

    0.80 miles

  • Perot Museum of Nature and Science

    2.59 miles

  • eVgo

    2.69 miles

  • Tesla Supercharger

    3.27 miles

  • Tesla Destination Charger

    5.23 miles

  • Lot 49

    0.72 miles

  • Lot 45

    0.74 miles

  • Parking Lot 57

    0.78 miles

  • Lot 36

    0.78 miles

  • Parking Lot 24

    0.81 miles

  • Parking Garage 7

    0.83 miles

  • Lot 44

    0.83 miles

  • Lot 42

    0.84 miles

  • Lot 43

    0.85 miles

  • Parking Lot 38

    0.86 miles

  • Element Dallas Downtown East

    0.84 miles

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

    1.15 miles

  • The Pittman

    1.60 miles

  • Palace Suites Dallas

    1.68 miles

  • Best Western

    1.87 miles

  • Quality Inn & Suites Dallas-Cityplace

    1.87 miles

  • Canopy by Hilton Dallas Uptown

    1.92 miles

  • Dallas Marriott City Center

    1.96 miles

  • Sheraton Dallas

    1.97 miles

  • HALL Arts Hotel Dallas, Curio Collection by Hilton

    1.99 miles

  • Mama Ana

    0.12 miles

  • El Atoron Taqueria y Torteria

    0.17 miles

  • Cici's Pizza

    0.22 miles

  • El Hoyo

    0.34 miles

  • Garden Cafe

    0.36 miles

  • Chicken House

    0.37 miles

  • Egg Roll Hut

    0.39 miles

  • Harvey B's

    0.41 miles

  • El Tiburon

    0.50 miles

  • El Paisano Restaurant Y Taqueria

    0.51 miles

  • Ignacio Zaragosa Elementary School

    0.39 miles

  • Uplift Atlas Preparatory

    0.71 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

  • Louise Herrington School of Nursing

    0.90 miles

  • Dallas Theological Seminary

    0.94 miles

  • Lumin East Dallas Community School

    0.95 miles

  • Texas Can Academy

    1.02 miles

  • Swiss Learning Center

    0.95 miles

  • East Dallas Developmental Center

    1.18 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

  • The Warren Center

    9.03 miles

  • Jerry Junkins Head Start

    9.32 miles

  • Cisneros Pre-Kindergarten

    9.66 miles

Frequently Asked Questions

How much does The Carolina cost?

The space currently listed for sale at The Carolina asks for $3,999,000.

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.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Matthew Cassidy

Perry Guest Company