2331 N Elm Street, Denton, Texas 76201

$1,190,000
24
BD
List Price
$1,190,000
MLS#
14001434
Status
PENDING
Type
Multifamily
Year Built
2005
Construction Status
Preowned
Bedrooms
24
Full Baths
16
County
Denton
Area
DENTON COUNTY (31)
City
Denton
Subdivision
Andrus Add

Property Description

Great Investment Opportunity. This sale is for two fully occupied 4-plex buildings, 2331 and 2335 N. Elm. Each apartment unit has 3 beds and 2 full baths. Spacious open floor plan. Kitchen with custom cabinets, breakfast bar and kitchen appliances. Connections for full size washer and dryer. Each unit at 2335 N. Elm includes a washer and dryer. Each building and each unit are separately metered for water and electric, no gas utility. Tenants pay own utilities except garbage and lawn care. There is a shared driveway and parking lot with 19 spaces. Great location with easy access to the city center, shopping, and local schools. Only minutes from UNT and TWU. Current rents range from $1150 up to $1350 per month.

Additional Information

Unexempt Taxes
$22,428
HOA
No HOA
Annual Insurance
4800
Gross Annual Expenses
38800
Gross Annual Income
118560
Lot Size
17,249
Acres
0.4
Lot Description
Interior Lot
Subdivided
No
Interior Features
Cable TV Available, High Speed Internet Available, Window Coverings
Flooring
Carpet, Ceramic Tile, Vinyl
Foundation
Slab
Roof
Composition
Stories
1
Street Utilities
City Sewer, City Water, Community Mailbox, Sidewalk, Underground Utilities
Heating Cooling
Central Air-Elec, Central Heat-Elec
Exterior
Covered Porch(es), Sprinkler System
Construction Material
Brick
Parking Garage
Common Lot, Open, Unassigned Spaces, Uncovered
Total Num Parking
19
School District
Denton Isd
Elementary School
Evers Park
Middle School
Calhoun
High School
Denton
Building Sq. Ft.
4768
Number of bldgs.
2
Number of units
8
Tenancy
No Smoking, No Sublease, No Waterbeds, Over 9 Months, Pet Restrictions, Pets Allowed
Possession
Closing/Funding, Lease Outstanding, Subject to Lease
Cap Rate
6.7

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Crow Real Estate Services.