5108 Manett Street
Property Description
Prime multi-family investment and high-yield redevelopment opportunity in sought-after Vickery Place, just steps from Lower Greenville and Henderson Avenue. Situated on a 50 x 200 lot (10,000 SF) zoned MF-2(A), offering versatile options: hold for immediate rental income, renovate for premium value-add cash flow, or redevelop (preliminary design studies suggest a 7-unit townhome yield).The property consists of two detached structures totaling 3,102 SF:- Front Single-Story Duplex (5108 & 5110 Manett): 831 SF each, 1 Bed + 1 Bath layouts.- Rear Two-Story Duplex (5108 half & 5110 half Manett): 720 SF each, flexible 2-room + 1 Bath flats. Gross potential income is $5,600 per month ($67,200 per year) based on historical as-is rates ($1,600 per mo front units; $1,200 per mo rear units). Three units are delivered vacant for immediate renovation, re-leasing, or project commencement. Rear lower unit (5108 half) is occupied month-to-month. Property conveys strictly As-Is. Architectural floor plans, site plans, and survey available upon request.
Broker Details
Allie Beth Allman and Associates (214) 528-2500
MLS ID: 0765685 State License Number: 0765685
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $785,000 |
| No. of Units: | 4 |
| Year Built: | 1950 |
| Opportunity Zone: | No |
| Price per unit: | $196,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-NTREIS-21401696
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