2625 & 2627 Meyers St (Reed Manor Apartments) is comprised of 2 buildings, each of which are 8 units.  This garden- style apartment community is located in the South Dallas submarket. Built in 1963 and 1965 respectively, the subject property was constructed on a pier and beam foundation with a brick exterior and a pitched composition roof.  Reed Manor is situated on 15,375 SF of land with approximately 9,672 SF of rentable space.  Each building has one master meter for electricity and HVAC is provided via individual window units.  There is one hot water heater for every two units.  The property is currently being run as an “All Bills Paid” complex. Reed Manor has a favorable unit mix of fifteen 2 bed/ 1 bath units and one 1 bed/ 1 bath unit with an average unit size of 605 SF.

The property is located within a few blocks of FairPark, home to many of Dallas’ finest museums, The Texas State Fair, and is less than 2 miles from Downtown Dallas’ CBD.  The location offers easy access to major thoroughfares and public transportation.  Reed Manor’s proximity to BaylorHospital, the Farmers Market, Deep Ellum, and downtown offers enormous potential for new developments seeking to capitalize on an in-town location. Further south, the International Inland Port of Dallas (IIPOD) “…is expected to be a major driver for Southern Sector investment, job growth (estimated at 60,000 jobs) and development of sustainable communities, with a goal of increasing the local tax base and employment” Source: www.iipod-texas.org. The project is approximately 234,000 acres with access to 5 interstate highways.