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5404-5408 Reiger Ave.

Dallas, TX
Property Details: 20 Units, 14,568 square feet
  • Purchased in 2016 for $54,350 per unit
  • Building currently under renovation with a planned completion in December 2016
  • Pro-Forma Rental income will be increased from $131,820 annually to $261,420
  • Once fully leased, building will be operating at a 9.85% CAP based on original purchase price and rehab budget
  • Up and coming East Dallas location with a very strong rental demand
lakewood gardens 5404-5408 Reiger