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Westminster Multi-Family Townhouses 1900 Westminster St 12 Unit Apartment Building $1,125,000 ($93,750/Unit) 7.50% Cap Rate Denton, TX 76205
INVESTMENT HIGHLIGHTS
- Great location for student housing
- 92% occupancy - one unit currently available for lease
- Potential to increase rent levels to market rate on some month-to-month leases
- Less than 2.5 miles from UNT Campus
- Tenant mix includes new and long-term renters of 5-14 years onsite
EXECUTIVE SUMMARY
Prime investment opportunity with potential to bring some leases up to market rate. Three buildings with four townhomes each.
PROPERTY FACTS In Escrow
| Price | $1,125,000 | Apartment Style | Townhome |
| Price Per Unit | $93,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.16 AC |
| Cap Rate | 7.50% | Building Size | 11,078 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | Mlt Fam Dwlg - Multi-Family Dwelling in Mixed Use Neighborhood | ||
| Price | $1,125,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.16 AC |
| Building Size | 11,078 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | Mlt Fam Dwlg - Multi-Family Dwelling in Mixed Use Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Maintenance on site
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PROPERTY TAXES
| Parcel Number | R27158 | Improvements Assessment | $887,733 |
| Land Assessment | $303,102 | Total Assessment | $1,190,835 |
PROPERTY TAXES
Parcel Number
R27158
Land Assessment
$303,102
Improvements Assessment
$887,733
Total Assessment
$1,190,835
CONTACTS
-
Ellen Haynes -
Scott Bumpas -
Reese Davis -
Briggs Freeman Sotheby's International Realty
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Westminster Multi-Family Townhouses | 1900 Westminster St
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