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North Locust Street Properties 5 Properties Offered at $4,310,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Centrally located
- Owner operated for decades
- Desirable lots
EXECUTIVE SUMMARY
Email Andrew Killian at killianpropertymanagement@gmail.com for inquiries. Downtown Denton investment opportunity. Snatch up highly developable rental properties near Denton's historic square.
Cap rate and NOI assume full occupancy and that the two owner-occupied units are income producing. There's also room for rents to be raised with updates to kitchens and bathrooms in six of eight units at 804 N. Locust. Rents can also be raised on longer term tenants.
Photos to come of 2425 N. Locust.
Cap rate and NOI assume full occupancy and that the two owner-occupied units are income producing. There's also room for rents to be raised with updates to kitchens and bathrooms in six of eight units at 804 N. Locust. Rents can also be raised on longer term tenants.
Photos to come of 2425 N. Locust.
PROPERTY FACTS
| Price | $4,310,000 | Status | Active |
| Price / SF | $535.54 / SF | Number of Properties | 5 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 4.23% | Total Building Size | 8,048 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.63 AC |
| Price | $4,310,000 |
| Price / SF | $535.54 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 4.23% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,048 SF |
| Total Land Area | 0.63 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Land | 0.27 AC | - | - | |
| 804 N Locust St, Denton, TX 76201 | Multifamily | 4,800 SF | 1964 | - |
| 2425 N Locust St, Denton, TX 76209 | Multifamily | 1,278 SF | 1974 | - |
|
Chateau Do’r
1717 N Locust St, Denton, TX 76201 |
Multifamily | 800 SF | 1964 | - |
| 1013 N Locust St, Denton, TX 76201 | Office | 1,170 SF | 1959 | - |
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North Locust Street Properties
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