Courtesy of: Miguel Ramirez, Allie Beth Allman & Assoc., miguel.ramirez@alliebeth.com
Courtesy of: Miguel Ramirez, Allie Beth Allman & Assoc., miguel.ramirez@alliebeth.com
$785,000
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6 bed
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4.00 Bath (4 Full)
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Lot: 0.23 Acres
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Quadruplex
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$785,000
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.
Courtesy of: Miguel Ramirez, Allie Beth Allman & Assoc., miguel.ramirez@alliebeth.com
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