8 Units on Multi-Family Zoned Land Zoned MN Right Next to Each Other at 1305 Fannin, 1316 Margie, 1404 Margie One Block From The University of North Texas, UNT! The Properties are Two Triplexes and a Duplex 100% Rented That Back Up to Each Other and Cashflow Nicely While… Read More Staying Easily Rented! There is Always a Line Out the Door to Rent These Units! This Hot Location is Perfect to Build a New Three Story Apartment Complex or Keep It Like It Is! Almost All the Units are Tastefully Updated and Have Backyards! These Units Look Better Than Almost Anything Out There So There’s Always a Rapid Influx of People Wanting to Rent Since Nothing Compares! They Are Walking Distance to UNT, Biking Distance to the Downtown Denton Square, and Driving Distance to TWU. They’re Perfect for College Students or Working Professionals! NO HOA, LOW TAXES, LAND ZONED FOR MULTIFAMILY! There’s Plenty of Upside Potential to Increase Rents Add Additional Units or Build a Brand New Apartment Complex as the Zoning Allows! Read Less
Courtesy of Scott Brown Properties, Inc, Jonathan King.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
9
Full Baths
8
Lot Size
0.48 Acres
Year Built
1963
MLS Number
21221228
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1963, Construction materials: WoodSiding, Levels: One, 3 buildings, 1, Toal building area: 3709
Cooling
CentralAir, Electric
Expenses
Insurance: $6,200
Fence
ChainLink, Wood
Floors
Laminate, Wood
Heating
Central, NaturalGas
Income
Gross income: $118,800, Net operating income: $89,690
