Duplex and Two Cottages Near UNT Campus Value Add investment property with potential for growth that includes a duplex with two cottage unit rentals in back within walking distance to the University of North Texas and the popular Fry St.? area with restaurants and bars.? The owner has put… Read More in approximately $40k in capital improvements in the last few years.? Property has historically strong occupancy.? This location attracts both student and non student tenants.? Current rents range from $850 to $1,075 unit.? Owner pays for common area lighting and water and waste water for two of the units.? Owner pays for common area lighting and water for two of the units. Rent roll and financials are in the OM attached to this listing. NO SELLER FINANCING AVAILABLE. - Walkable to University of North Texas, Downtown Denton, Fry Street and Public Transportation - Textbook Small Value-Add Investment Property - Strong Historical Occupancy - Ideally Suited for Both Students and Professionals - Denton’s Rental Market Is Booming, with UNT’s 50,000+ Students & Strong Professional Workforce Driving Demand Read Less
Courtesy of Ray Gun Commercial, Steven Geis.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Beds
4
Full Baths
4
Lot Size
0.21 Acres
Year Built
1950
MLS Number
21267280
Additional Details
Appliances & Equipment
ElectricRange, GasWaterHeater, Refrigerator
Building
Built in 1950, Construction materials: WoodSiding, Levels: MultiSplit, 3 buildings, Toal building area: 2280
Community
Curbs
Cooling
WindowUnits
Expenses
Insurance: $2,630
Floors
LuxuryVinylPlank
Heating
WallFurnace
Income
Gross income: $42,300, Net operating income: $25,786
