2404 Louise St Unit 2404 & 2420, Denton, TX 76201

$4,300,000
: 47
BD
: 24
BA
: 9,720
SqFt

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List Price: $4,300,000
Status: ACTIVE
MLS#: 21194900
Subtype: ResidentialIncome
Construction Status: Preowned
Year Built: 1967
Bedrooms: 47
Bathrooms: 24
Full Baths: 24
Living Area: 9,720
Lot Size: 31,363
Acres: 0.72
Subdivision: Owsley Park
Building Name: N/A

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Property Description

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.

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