About 5108 Manett Street
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.
Features of 5108 Manett Street
| MLS® # | 21401696 |
|---|---|
| Price | $785,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,102 |
| Acres | 0.23 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 5108 Manett Street |
|---|---|
| Subdivision | Bon View Place |
| City | Dallas |
| County | Dallas |
| State | Texas |
| Zip Code | 75206-6642 |
Amenities
| Utilities | Alley, City Sewer, City Water, Concrete, Electricity Connected, Individual Water Meter |
|---|---|
| Features | Curbs, Sidewalks |
| Parking Spaces | 4 |
| # of Garages | 4 |
| Garages | Concrete, Driveway, No Garage, Off Street, Tandem |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Cable TV Available, Multiple Staircases |
|---|---|
| Heating | Electric, Space Heater |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Covered Patio/Porch |
|---|---|
| Lot Description | Interior Lot, Many Trees, Subdivision |
| Roof | Composition |
| Construction | Brick, Concrete, Frame, Siding, Wood |
| Foundation | Block, Pillar/Post/Pier |
School Information
| District | Dallas ISD |
|---|---|
| Elementary | Geneva Heights |
| Middle | Long |
| High | Woodrow Wilson |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Miguel Ramirez |
|---|---|
| Office | Allie Beth Allman & Assoc. |
| Contact Info | 214-336-5113 |
| Office Contact | 214-336-5113 |