Property
Beds
47
Full Baths
24
1/2 Baths
None
Year Built
1967
Sq.Footage
9,720
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.
Features & Amenities
Interior
-
Other Interior Features
Granite Counters, High Speed Internet
-
Total Bedrooms
47
-
Bathrooms
24
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Covered Courtyard, Lighting
-
Parking
Common, Concrete, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.72
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$4,300,000
-
Tax Amount
$22,154
-
Sq. Footage
9, 720
-
Price/SqFt
$442
HOA
-
Association
No
School District
-
Elementary School
Newton Rayzor
-
Middle School
Calhoun
-
High School
Denton
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
17-20
-
Water Source
Public
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Location
County
Denton
Elementary School
Newton Rayzor
Middle School
Calhoun
High School
Denton
Listing Courtesy of Ara Minassian , Star Realty
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AGENT
Joe Boston
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