5200-5210 Reiger Ave, Dallas, TX 75214
- $1,595,000
- List Price
- $1,595,000
- Status
- PENDING
- MLS#
- 21238074
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 1930
- Lot Size
- 50,397
- Acres
- 1.16
- 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
- Interior Features
- Other
- Taxes
- $34,836
- Flooring
- Other
- Heating
- Other
- Air Conditioning
- Other
- Stories
- 2
- Levels
- Two
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Parking Features
- On Site
- School District
- Dallas Isd
- Elementary School
- Lipscomb
- Middle School
- Long
- High School
- Woodrow Wilson
Mortgage Calculator
Listing courtesy of Harris Arnhart from Perry Guest Company. Contact: 314-724-5734