1700 E Village Dr | Denton, TX 76209
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- LoopNet Team
1700 E Village Dr
Denton, TX 76209
The Village Residences · Multifamily Property For Sale
·
133 Units
INVESTMENT HIGHLIGHTS
- Exceptional market fundamentals in Denton
- Opportunity to upgrade the only remaining class-C multifamily asset in the area to a class-B asset
- Considerable value-add upside through continued repositioning & stabizing rates to market
- Well located with great visibility off highly trafficked east University Drive
- Diverse unit mix with rare four bedroom units
- Chance to assume existing loan or purchase free & clear of existing debt
PROPERTY FACTS
| No. Units | 133 | Building Size | 119,245 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 6.96 AC | ||
| Zoning | MF-1 - Multi-Family | ||
| No. Units | 133 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.96 AC |
| Building Size | 119,245 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | MF-1 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Vinyl Flooring
SITE AMENITIES
- Business Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Corporate Suites
- Cabana
- Grill
- Wi-Fi
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 24 | - | - |
| 2+2 | 37 | - | - |
| 3+2 | 40 | - | - |
| 4+2 | 27 | - | - |
PROPERTY TAXES
| Parcel Number | R36909 | Improvements Assessment | $11,082,160 |
| Land Assessment | $3,017,840 | Total Assessment | $14,100,000 |
PROPERTY TAXES
Parcel Number
R36909
Land Assessment
$3,017,840
Improvements Assessment
$11,082,160
Total Assessment
$14,100,000
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