7.5% CAP RATE. Location, Location, Location. 1 block from 380, in the heart of Denton, close to universities and downtown. Be the owner of this cash flowing, leased investment property, ready for your turn key investor. Property has new roof over-lay. New parking over-lay, seal coat and striping. Exterior newly painted. Fully leased. 4 current tenants occupying 6 units with 3 year escalating leases, increasing annually with 2 year tenant options after first three years. Front parking lot scheduled for re-paving. Projected cap rate year 2020 - 8.8%, Projected cap rate years 2021 & 2122 - 10.95%
Listing courtesy of Fathom Realty, LLC.