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1738 Teasley Ln
Denton, TX 76205
Heritage Heights Townhomes · Multifamily Property For Sale
·
35 Units
INVESTMENT HIGHLIGHTS
- Large, Townhome-Style Units which Differentiate Heritage Heights from Competitors
- Value Add Potential through Interior Upgrades, Fenced Patio Yards and Reserved Parking
- Favorable Financing Available – Over 75% LTV with Sub 4% Rate and Interest Only Available
- Dynamic Location in Denton near UNT (2 Miles) and Easy Access to I-35
- Quality Construction with Pitched Roofs, Individual HVAC and Individual Hot Water Heaters
PROPERTY FACTS
| No. Units | 35 | Building Size | 33,900 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 2.73 AC | ||
| Zoning | 30A | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.73 AC |
| Building Size | 33,900 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | 30A |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Fireplace
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Online Services
ABOUT 1738 TEASLEY LN , DENTON, TX 76205
Rowan Multifamily Advisors is pleased to announce the exclusive listing of Heritage Heights, a 35-unit apartment complex located in Denton, TX. The property consists of 35 one- and two-bedroom units with an average unit size of 961 square feet per unit. Built in 1984 the property is equipped with individual hot water heaters and HVAC units, pitched roofs and washers and dryers in select units. This investment provides a new owner a stabilized, cash flowing asset in a dynamic Northern suburb of Dallas Fort Worth. The property is located in thriving Denton, Texas, which is home to two major universities, The University of North Texas (over 39,000 students) and Texas Women’s University (over 15,000 students). Denton is one of the fastest growing suburbs in North Texas and is now up to a population of over 138,000 residents. The city also sits at the convergence of I-35 East and West which allow it’s residents quick and easy transit to both Dallas and Fort Worth.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 825 |
| 2+2 | 10 | - | 1,100 - 1,300 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,433,068 | |
| Land Assessment | $566,932 | Total Assessment | $3,000,000 |
PROPERTY TAXES
