101-121 S Bonnie Brae St - Apartments FOR SALE


Denton, TX 76201- Rayzor Ranch
$4,400,000 USD
469-831-4261
101-121 S Bonnie Brae St, Denton, TX for Sale
$4,400,000 USD
Apartments - FOR SALE
1/19
null | 6.53% Cap Rate

101-121 S Bonnie Brae St
Denton, TX 76201
Rayzor Ranch


HIGHLIGHTS

  • Low-density 10 building community on approximately 1.74 acres
  • Stabilized property with below market rents

OVERVIEW

Bonnie Green Apartments is a 41-unit multifamily asset in the heart of Denton, Texas, offering investors a stabilized asset near UNT, TWU, major employers, and the UNT bus line. The property consists of 10 two-story buildings totaling 29,920 net rentable square feet on 1.742 acres and features a mix of 24 one-bedroom units, 16 two-bedroom units, and one oversized two-bedroom unit. With current average rents of approximately $1,000 for one-bedrooms and $1,300 to $1,400 for two-bedrooms, plus 90% occupancy, Bonnie Green offers in-place income with upside through continued stabilization and operational improvement. Bonnie Green may be purchased on a stand-alone basis or together with the nearby Cluster Apartments as part of a 98-unit portfolio offering.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

41

PRICE/UNIT

$107,317

CAP RATE

6.53%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bonnie Green Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

MN

APN/PARCEL ID

R27190,R27253

ASK ABOUT THIS PROPERTY

Jetmir AhmetiAhmeti Realty GroupMore Info
469-831-4261

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Jetmir AhmetiAhmeti Realty GroupMore Info
469-831-4261

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.