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101 Springtree St 23 Unit Apartment Building $5,999,999 ($260,870/Unit) 6.64% Cap Rate Denton, TX 76209
INVESTMENT HIGHLIGHTS
- Spacious Kitchen open to living and dining area
- 42" Oak Cabinets and Faux Granite Counter Tops
- HVAC - Ceiling Fans
- Upgraded SS Appliances and sink
- 9' Ceiling
- Full size washer/dryer connections
EXECUTIVE SUMMARY
23 Beautiful Townhouses
Small back yards with fence in 15 units All have patios
Close location to schools, shopping and employment
Sprinkler System
1 Car Garage for each unit
Taxes and Insurance to be confirmed by buyer, numbers are estimates.
Small back yards with fence in 15 units All have patios
Close location to schools, shopping and employment
Sprinkler System
1 Car Garage for each unit
Taxes and Insurance to be confirmed by buyer, numbers are estimates.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 Under Contract
| Price | $5,999,999 | Building Class | B |
| Price Per Unit | $260,870 | Lot Size | 2.53 AC |
| Sale Type | Investment | Building Size | 42,734 SF |
| Cap Rate | 6.64% | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 0.02/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | MF - Multi-Family | ||
| Price | $5,999,999 |
| Price Per Unit | $260,870 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.53 AC |
| Building Size | 42,734 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 0.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi-Family |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Yard
- Dining Room
- Garden
- Island Kitchen
- Lawn
- Linen Closet
- Pantry
- Patio
- Porch
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 23 | $1,970 | 1,802 - 1,858 |
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101 Springtree St
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