2300 - 2310 W Hickory Street - Grey Haven Apartments, Denton, TX

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2300 - 2310 W Hickory Street - Grey Haven Apartments

Denton, TX 76201-5413 - Denton Submarket

Property Type:Multi-Family Number of Units:21 Status:Existing Year Built:1960

Stories:2 Building Size:17,319 SF Land Area:2.14 AC (93,262 SF)

For Sale Price:$1,150,000 Price/Unit:$54,761.90 Cap Rate:8.50 % GRM:-

Parking:1.05 Parking Spaces / 1,000 SF

Property Description: Multi Family - 21 Units

Apartment Unit: single family dwelling

Sale Notes:
Great investment property with a very unique mix of units offering a mix of multifamily units and a mix of single family houses. Potential of higher income with increased rental rates to match market rents. Located within walking distance to University of North Texas, the fourth largest state university in Texas. Currently ownership has done numerous capital improvements over the last few years, should help lower maintenance cost for the property. This is a property that should be 100% leased year round. Offers one bedroom apartments to a four bed room house and everything in between. Tons of potential and upside to this t site with the expansion of UNT and being surrounded by new development. Call for additional information.

CLICK HERE TO CONTACT THE SALES BROKER

FOR SALE CONTACTS

Scott Brown Commercial

John Withers

(940) 320-1200

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