5200-5210 Reiger Ave, Dallas, TX 75214

$1,595,000

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List Price
$1,595,000
MLS#
21238074
Status
ACTIVE UNDER CONTRACT
Type
Multifamily
Subtype
ResidentialIncome
Year Built
1930
Construction Status
Preowned
Acres
1.16
County
Dallas
City
Dallas
Subdivision
Munger Place 02
Building Name
N/A

Property Description

Located in Munger Place Historic District, one of the most desirable historic neighborhoods in East Dallas, this offering presents a rare opportunity to acquire four contiguous properties spanning an entire city block—totaling over 50,000 square feet of land. The portfolio consists of four buildings currently operating as a rooming house with 50 rooms, with an on-site manager in place. Current rents range from $550–$650 per month, providing immediate in-place income with operational upside. This is a highly flexible investment with multiple exit strategies in a high-demand submarket. *This is being sold AS-IS *Properties cannot be torn down, they are contributing to the neighborhood *Renovation-Redevelopment available that contributes to neighborhood

Additional Information

Unexempt Taxes
$34,836
Lot Size
50,397
Acres
1.16
Interior Features
Other
Flooring
Other
Foundation
Pillar/Post/Pier
Roof
Composition
Stories
2
Pool Features
None
Parking Garage
On Site
School District
Dallas Isd
Elementary School
Lipscomb
Middle School
Long
High School
Woodrow Wilson
Possession
CloseOfEscrow

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Calculator source: Real Geeks

Listing courtesy of Harris Arnhart from Perry Guest Company. Contact: 314-724-5734