Munger Place Historic District is full of potential for savvy buyers searching for a deal. Whether you pine for historic charm or want to invest in a multi-family home for extra income, this week’s Splurge vs. Steal is worth a look.
Splurge: Munger Place Multi-Family Income Opportunity For $725K
First, we present our splurge. This one is for all you flippers and fixers out there! It’s a beauty on Reiger Avenue with six-bedrooms, six-full-bathrooms, and a whopping 9,801 square feet.
And it’s an income-producer too! According to the listing, “It is fully occupied and has been consistently producing when not being renovated.”
Additionally, the main level is ideal for a single-family, while tenants occupy the additional units. We love the wide and welcoming front porch and stunning architecture that dates back to 1915. But this property thankfully has seen some updates over the years as well.
Of course, a new owner could really make the Munger Place home shine. A few cosmetic updates and new appliances would go a long way! Per the listing, most units have central air, all have hardwood floors, and tall ceilings abound. Plus, each unit comes complete with a private rear parking space.
Overall, this property is in great shape. We love all the natural light and spacious floorplans. And there is so much design promise with bones like these.
The location is equally great, putting tenants just a stone’s throw from conveniences and takeout, with easy access downtown.
Matt Martin with Martin Beazley Realtors has listed 5119 Reiger Avenue for $725,000.
Steal: Gorgeous 1920’s Charmer With Move-In Ready Appeal For $565K
Next, our steal! This Junius Street jewel is one of the sought-after Prairie-styles for which Munger Place is known. The neighborhood has the largest collection of Prairie-style homes in America after all!
It offers three-bedrooms, two-full-and-one-half-bathrooms, and a spacious 2,436 square feet. And the historic charmer blends 1920s character with plenty of updates for modern-day.
This includes a chef’s kitchen with stainless appliances, open shelving with beadboard accents, and a center island. Per the listing, “The kitchen and baths have been updated to reflect the history and character, but offer the amenities of today.”
There is a formal entry, gracious living with fireplace, handsome study, and an elegant dining room for hosting. But the oversized master is a real head-turner! It boasts an inviting sitting area and stunning spa-bath with shower, double sinks, and a clawfoot tub.
Top that off with a prime locale and fenced backyard with a deck and you have a real winner! This Munger Place steal is on a peaceful street, yet sits just a short distance from all the action of urban Dallas.
Lastly, the listing adds that it’s “The perfect space for someone who loves a well maintained home with a storied past going back a century.”
Sign us up!
Becky Frey with Compass has listed 5301 Junius Street for $565,000.
