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Open house

5200-5210 Reiger Avenue

$1,595,000

Built 1930 · Residential Income · 1.157 acres

About this home

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

Details

Property type
Residential Income
Year built
1930
Lot size
1.157 acres
Taxes / yr
$34,836
Style
Other
Heating
Other
Cooling
Other
Exterior
Brick,Unknown,Wood Siding
Water
Public
Sewer
Public Sewer
ZIP
75214

Property history

  1. Sold conditional

    $1,595,000

    Perry Guest Company