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Melissa Dennis

melissadennis@mtsapphire.com +1(817) 917-4893

$ 2,000,000

Est. payment | -/mo

22 Beds

14 Baths

0.36 Acres Lot

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$ 2,000,000

Est. payment | -/mo

Save Virtual Tour

22 Beds

14 Baths

0.36 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Schmitz & Rippy

MLS Listing ID 21172487

Bedrooms 22

Full Baths 14

HOA Y/N None

Total Fin. Sqft 6960

Year Built 1965

Annual Tax Amount $15,906

Lot Size 0.363 Acres

Acres 0.363

Property Sub-Type Apartment

Property Description

Rare opportunity to invest in a multi-family property within walking distance of Texas Women's University, less than one-half mile walk and a 2 minute drive. It's also less than 5 minutes to the historic popular downtown Denton square with its many restaurants, shopping and entertainment choices. That makes this a highly desirable location and these don't come on the market very often. There are 14 units; 8 2-bedroom units and 6 1-bedroom units. There are 25 parking spaces, including 6 covered spaces, which actually exceeds the city's requirements. The roof is new this year, custom designed.. Ask us about the special construction and installation. The water heaters are new in 2025; AC system 2019; boiler in 2019 also. Eleven of the apartments have been remodeled and we have a list of other upgrades available. There is a laundry room onsite with multiple washers and dryers, new in 2024. This property is extremely well maintained and of course you won't find a better location. Give me a call and we can schedule your appointment.. The listing agent has financial and tenant information including pro forma rent numbers. This property will be part of a 1031 Exchange.

Location

State TX

County Denton

Community Laundry

Direction From University Dr., go south on Bell Ave. past TWU; turn east on Texas St. The property is the 3rd one on the right. There is no sign in the yard.

Interior

Interior Features Cable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available, Walk-In Closet(s)

Heating Central, Other

Cooling Ceiling Fan(s), Central Air, Other

Flooring Carpet, Laminate, Luxury Vinyl Plank

Appliance Dishwasher, Disposal, Gas Range, Refrigerator

Heat Source Central, Other

Exterior

Exterior Feature Covered Courtyard

Fence Back Yard, Wood

Community Features Laundry

Utilities Available Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Sidewalk

Roof Type Metal

Total Parking Spaces 6

Garage No

Building

Lot Description Interior Lot

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding,Wood

Schools

Elementary Schools Nette Shultz

Middle Schools Calhoun

High Schools Denton

School District Denton Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo, Utility Easement

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21172487

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by MARILYN NEWLAND • Keller Williams Realty

Nearby Locations

+1(817) 917-4893

melissadennis@mtsapphire.com

2626 Cole Avenue Ste 300, Dallas, TX, 75204, United States

510 Texas Street #14 Denton, TX 76209

Melissa Dennis

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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510 Texas Street #14