2404 Louise Street 2404 & 2420

Denton, TX 76201

About this property

24 Unit Apartment Buildings (12 & 12) 1 Block from UNIVERSITY OF NORTH TEXAS CAMPUS! Over the last few years, owner has spent large sums of money to not only Remodel Units but to significantly improve the infrastructure. All old HVAC systems replaced, Many of the Gas Water Heaters replaced, Most flooring and Paint in the last 2 years. Some units have undergone further remodeling with new kitchens with more cabinet space. All but 1 unit are 2 bedroom 1 bath. Most come with all stainless appliances including dishwashers. The ones with new kitchens excluded dishwashers as requested by many tenants who prefer cabinet space. Market rents have been low to accommodate construction both on the street and in the building. Now is your opportunity to put your finishing touches to make it shine and raise rents back up to $1400 or $1500 per unit as we did prior to last year's construction. Take advantage of the potential upswing. Great for your first apartment complex or experts increasing their portfolio.

About this property

24 Unit Apartment Buildings (12 & 12) 1 Block from UNIVERSITY OF NORTH TEXAS CAMPUS! Over the last few years, owner has spent large sums of money to not only Remodel Units but to significantly improve the infrastructure. All old HVAC systems replaced, Many of the Gas Water Heaters replaced, Most flooring and Paint in the last 2 years. Some units have undergone further remodeling with new kitchens with more cabinet space. All but 1 unit are 2 bedroom 1 bath. Most come with all stainless appliances including dishwashers. The ones with new kitchens excluded dishwashers as requested by many tenants who prefer cabinet space. Market rents have been low to accommodate construction both on the street and in the building. Now is your opportunity to put your finishing touches to make it shine and raise rents back up to $1400 or $1500 per unit as we did prior to last year's construction. Take advantage of the potential upswing. Great for your first apartment complex or experts increasing their portfolio.

Features and Additional Information

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$4,300,000 Active
47 Bed(s)
24
Baths
9,720 sqft

Presented By PREMIER PARTNERS

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Get in touch today! Phone: 1-561-715-8004
Brokerage
Star Realty
1-214-727-0686
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Area Information

Denton | Denton County | Owsley Park

$ 4,300,000
This listing is play_arrow 537400.0% higher than the average in the area
$ 800 in the area
9,720 SqFt
This listing is play_arrow 1100.0% larger than the average in the area
810 SqFt in the area
$ 442 $/SqFt
This listing is play_arrow 44691.7% more than the average in the area
$ 1 $/SqFt in the area
236 days on site
This listing is play_arrow 314.0% above the average in the area
57 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Newton Rayzor
  • turned_in
    Middle School
    Calhoun
  • turned_in
    High School
    Denton

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Listed By Ara Minassian
Brokerage: Star Realty

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