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The Vanderbilt 521 Texas St 12 Unit Apartment Building $4,848,340 CAD ($404,028 CAD/Unit) Denton, TX 76209
Investment Highlights
- Newly renovated multifamily investment approximately 340 FT from TWU Campus
- Proximity to TWU Campus, Downtown Denton Square, and University Drive (HWY 380)
- The property sits on 0.32 AC
- Five long-term rental units (100% leased); Seven short-term rental units averaging 3-4 bookings per month
- Property Features include in-unit washer and dryer, walkability to TWU Campus, flexible floor plans, and dedicated parking
Executive Summary
Newly renovated 12 unit long and short term multifamily property for sale one block from Texas Women's University.
12 Units | Approximately 4,444 SF | Average Rent Rate Long-Term Units (1Bx1B & 2Bx2B): $1,575 | Average Rent Rate Short-Term Units (Studios): $1,650 Each
Short-term rentals are fully furnished; Furniture is included in sales price
Sales Price: $3.5M
12 Units | Approximately 4,444 SF | Average Rent Rate Long-Term Units (1Bx1B & 2Bx2B): $1,575 | Average Rent Rate Short-Term Units (Studios): $1,650 Each
Short-term rentals are fully furnished; Furniture is included in sales price
Sales Price: $3.5M
Property Facts
| Price | $4,848,340 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $404,028 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| No. Units | 12 | Building Size | 4,444 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Price | $4,848,340 CAD |
| Price Per Unit | $404,028 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,444 SF |
| No. Stories | 2 |
| Year Built | 1990 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $2,286 CAD | 450 |
| 1+1 | 3 | $2,182 CAD | 550 |
| 2+1 | 2 | $2,182 CAD | 650 |
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R28064 | Improvements Assessment | $690,296 CAD |
| Land Assessment | $116,021 CAD | Total Assessment | $806,317 CAD |
Property Taxes
Parcel Number
R28064
Land Assessment
$116,021 CAD
Improvements Assessment
$690,296 CAD
Total Assessment
$806,317 CAD
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The Vanderbilt | 521 Texas St
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