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Bonnie Green Apartments 101-121 S Bonnie Brae St 41 Unit Apartment Building $4,400,000 ($107,317/Unit) 6.53% Cap Rate Denton, TX 76201
Investment Highlights
- Low-density 10 building community on approximately 1.74 acres
- Stabilized property with below market rents
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $107,317 | Lot Size | 1.74 AC |
| Sale Type | Investment | Building Size | 29,920 SF |
| Cap Rate | 6.53% | Average Occupancy | 93% |
| No. Units | 41 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MN - Mixed-Use Neighborhood | ||
| Price | $4,400,000 |
| Price Per Unit | $107,317 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 29,920 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | MN - Mixed-Use Neighborhood |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $975.00 | 625 |
| 2+1 | 16 | $1,350 | 850 |
| 2+1.5 | 1 | $1,400 | 1,320 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,125,000 | |
| Land Assessment | $1,138,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,986,500 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$1,138,500
Improvements Assessment
$1,986,500
Total Assessment
$3,125,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
Street View
Street
Map
Presented by
Ahmeti Realty Group
Bonnie Green Apartments | 101-121 S Bonnie Brae St
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