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Dallas, TX 75214
  • 8 Beds
  • 8 Baths
$1,600,000

About this home

Located at 5211 Worth Street in the highly sought-after Munger Place Historic District, this 1927 eight-unit apartment building represents an exceptional value-add investment opportunity. As one of the neighborhood's original multi-family properties, the building brims with authentic 1920s character, featuring original hardwood flooring, ornate built-ins, and classic fireplaces. The property offers an excellent mix of current cash flow and substantial upside, updated complete with quartz countertops, modern cabinetry, new appliances, and updated bathrooms—that is currently achieving top market rent. Units have been thoughtfully updated while preserving their vintage aesthetic. The heavy lifting has already been completed with extensive, big-ticket capital improvements, including an updated roof, completely replaced main electrical wiring, new AC units, an overhauled crawl space plumbing system, updated water lines, recent cosmetic paint, and washer and dryers. With a targeted exterior refresh of paint and landscaping to complement the interior updates, this vintage gem will truly shine. Perfectly positioned right next door to Munger Park and the beloved Garden Café, the building attracts premium tenants with effortless access to Downtown Dallas, Lower Greenville, Knox-Henderson, Lakewood Shopping Center, White Rock Lake, and scenic walks along Historic Swiss Avenue just two blocks away. 5204 Junius Quadplex (MLS 21295220) is also for sale and can be sold together!

Overview

Full Baths
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Half Baths
0
Bathrooms
8
Bedrooms
8
Building Area
2860
Levels
Two
Living Area
0
Lot Size (Acres)
0.168
Property Subtype
Multiple Parcels
Property Type
Residential Income
Status
Active
Year Built
1927

Interior

Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Cooling
Other
Fireplaces
0
Flooring
Hardwood, Other, Tile
Heating
Other
Interior Features
Other

Exterior & Construction

Construction
Brick, Other
Foundation
Pillar/Post/Pier
Roof
Asphalt, Other

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Dallas
County
Dallas
School District
Dallas ISD
ZIP Code
75214
State
TX
Subdivision
Munger Place

Financial

Price
1600000

Utilities

Sewer
Public Sewer
Utilities
Sewer Available, Water Available

Listing Details

Listing Agent
Kelli Green
Listing Office
Allie Beth Allman & Assoc.
MLS #
21296279
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21296279

Listing agents

Listing AgentKelli GreenAllie Beth Allman & Assoc.

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