4710 Munger Ave
Dallas, TX 75204
Old East Milano · Multifamily Property For Sale · 16 Units

This fully redeveloped East Dallas apartment building has been fully renovated with a new roof, windows, HVAC, plumbing, electrical, appliances, cabinets, fixtures, flooring and more. All major capital improvements and renovations have completed, creating a unique investment opportunity in the hottest corridor of urban Dallas for a fully performing investment property with considerable upside potential. Comparable new construction rental properties cost in excess of $250 per square foot. The adjoining property is being developed with new construction town homes which will sell in excess of $450,000 per unit. Townhomes being built within walking distance north, south, east and west of the property at price points in excess of $450,000 per unit; significantly increasing the value of the subject property and rents long term. Property will be delivered at closing with occupancy at 100%. The East Dallas submarket is currently undergoing a historic renaissance. Millennials priced out of the Uptown/Park Cities Submarket view East Dallas as an alternative, with its hip, up-and-coming neighborhoods and proximity to employment centers. Neighborhoods benefiting from this attention include the Baylor Medical Center area just north of Deep Ellum, and the M Streets, Greenland Hills, Knox-Henderson, and Lower Greenville neighborhoods across the North Central Expressway from Southern Methodist University.