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2269 W Oak St
Denton, TX 76201
The Cluster Apartments · Multifamily Property For Sale
·
57 Units
PROPERTY FACTS
| No. Units | 57 | Lot Size | 1.51 AC |
| Property Type | Multifamily | Building Size | 30,680 SF |
| Property Subtype | Apartment | Average Occupancy | 86% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | MN - Mixed-Use Neighborhood | ||
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 30,680 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | MN - Mixed-Use Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Shuttle to Train
- Maintenance on site
- Public Transportation
ABOUT 2269 W OAK ST , DENTON, TX 76201
The property was built in 1972. While some units have had minor updating over the years, the property has never had any significant updating since it was built. The property has a strong street presence with frontage on two major Denton streets, Oak St. and Hickory St. Master metered for both electricity and water, The Cluster Apartments is currently operating as All Bills Paid. There is the option to shift utility expenses to the tenants through RUBS to further increase revenue. The Cluster Apartments is a stable asset that enjoys a strong historical occupancy that currently sits at 95%%. The Denton market itself has been historically strong thanks to both major universities and averages 92-98% occupancy overall.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 400 |
| 1+1 | 19 | - | 550 - 740 |
| 2+1 | 19 | - | 940 |
PROPERTY TAXES
| Parcel Number | R35468 | Improvements Assessment | $2,374,126 |
| Land Assessment | $1,151,874 | Total Assessment | $3,526,000 |
PROPERTY TAXES
