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Denton, TX 76201
  • 47 Beds
  • 24 Baths
  • 9,720 sqft
$4,300,000

About this home

24 Unit Apartment Buildings (12 & 12) 1 Block from UNIVERSITY OF NORTH TEXAS CAMPUS! Over the last few years, owner has spent large sums of money to not only Remodel Units but to significantly improve the infrastructure. All old HVAC systems replaced, Many of the Gas Water Heaters replaced, Most flooring and Paint in the last 2 years. Some units have undergone further remodeling with new kitchens with more cabinet space. All but 1 unit are 2 bedroom 1 bath. Most come with all stainless appliances including dishwashers. The ones with new kitchens excluded dishwashers as requested by many tenants who prefer cabinet space. Market rents have been low to accommodate construction both on the street and in the building. Now is your opportunity to put your finishing touches to make it shine and raise rents back up to $1400 or $1500 per unit as we did prior to last year's construction. Take advantage of the potential upswing. Great for your first apartment complex or experts increasing their portfolio.

Overview

Full Baths
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Half Baths
0
Bathrooms
24
Bedrooms
47
Building Area
9720
Levels
Two
Living Area
9720
Lot Size (Acres)
0.72
Property Subtype
Apartment
Property Type
Residential Income
Status
Active
Year Built
1967

Interior

Appliances
Some Gas Appliances, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator
Cooling
Central Air, Ceiling Fan(s)
Fireplaces
0
Flooring
Carpet, Luxury Vinyl Plank
Heating
Central, Natural Gas
Interior Features
Granite Counters, High Speed Internet, Multiple Staircases, Cable TV

Exterior & Construction

Construction
Brick
Exterior Features
Covered Courtyard, Lighting
Foundation
Slab
Lot Features
Corner Lot, Level
Roof
Composition, Flat

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Denton
County
Denton
School District
Denton ISD
ZIP Code
76201
State
TX
Subdivision
Owsley Park
Unit #
2404 & 2420

Financial

Price
4300000

Utilities

Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas Available, Sewer Available, Water Available, Cable Available

Listing Details

Listing Agent
Ara Minassian
Listing Office
Star Realty
MLS #
21194900
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21194900

Listing agents

Listing AgentAra MinassianStar Realty

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