521 Texas St
Denton, TX 76209
Downtown Denton
HIGHLIGHTS
- Newly renovated multifamily investment approximately 340 FT from TWU Campus
- Five long-term rental units (100% leased); Seven short-term rental units averaging 3-4 bookings per month
- Proximity to TWU Campus, Downtown Denton Square, and University Drive (HWY 380)
- Property Features include in-unit washer and dryer, walkability to TWU Campus, flexible floor plans, and dedicated parking
- The property sits on 0.32 AC
OVERVIEW
Newly renovated 12 unit long and short term multifamily property for sale one block from Texas Woman's University.
12 Units | Approximately 4,444 SF | Average Rent Rate Long-Term Units (1Bx1B & 2Bx2B): $1,575 | Average Rent Rate Short-Term Units (Studios): $1,650 Each
Short-term rentals are fully furnished; Furniture is included in sales price
Sales Price: $3.5M
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$788 USD /SF
# OF UNITS
12
PRICE/UNIT
$291,667
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Vanderbilt
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1990
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,939 SF
ZONING
-
APN/PARCEL ID
R28064
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940-808-8153
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940-808-8153
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