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The Vanderbilt 521 Texas St 12 Unit Apartment Building For Sale Denton, TX 76209
Investment Highlights
- Newly renovated multifamily investment approximately 340 FT from TWU Campus
- Proximity to TWU Campus, Downtown Denton Square, and University Drive (HWY 380)
- The property sits on 0.32 AC
- Five long-term rental units (100% leased); Seven short-term rental units averaging 3-4 bookings per month
- Property Features include in-unit washer and dryer, walkability to TWU Campus, flexible floor plans, and dedicated parking
Executive Summary
Newly renovated 12 unit long and short term multifamily property for sale one block from Texas Woman's University.
12 Units | Approximately 4,444 SF | Average Rent Rate Long-Term Units (1Bx1B & 2Bx2B): $1,575 | Average Rent Rate Short-Term Units (Studios): $1,650 Each
Short-term rentals are fully furnished; Furniture is included in sales price
Sales Price: $3.5M
12 Units | Approximately 4,444 SF | Average Rent Rate Long-Term Units (1Bx1B & 2Bx2B): $1,575 | Average Rent Rate Short-Term Units (Studios): $1,650 Each
Short-term rentals are fully furnished; Furniture is included in sales price
Sales Price: $3.5M
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 12 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 4,444 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,444 SF |
| No. Stories | 2 |
| Year Built | 1990 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $1,650 | 450 |
| 1+1 | 3 | $1,575 | 550 |
| 2+1 | 2 | $1,575 | 650 |
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R28064 | Improvements Assessment | $499,780 |
| Land Assessment | $84,000 | Total Assessment | $583,780 |
Property Taxes
Parcel Number
R28064
Land Assessment
$84,000
Improvements Assessment
$499,780
Total Assessment
$583,780
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The Vanderbilt | 521 Texas St
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