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Listing provided courtesy of Keller Williams Realty- MLS# 21172487MLS ProviderContact Information: MARILYN NEWLAND - (940) 484-9411

510 Texas Street #14Denton, TX 76209

Multi-Family · 22 Beds · 14 Full Baths · 6,960 Sq. ft. | 0.36 Acres
$2,000,000 Active

510 Texas Street #14 Overview

Visits:
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Rare opportunity to invest in a multi-family property within walking distance of Texas Women's University, less than one-half mile walk and a 2 minute drive. It's also less than 5 minutes to the historic popular downtown Denton square with its many restaurants, shopping and entertainment choices. That makes this a highly desirable location and these don't come on the market very often. There are 14 units; 8 2-bedroom units and 6 1-bedroom units. There are 25 parking spaces, including 6 covered spaces, which actually exceeds the city's requirements. The roof is new this year, custom designed.. Ask us about the special construction and installation. The water heaters are new in 2025; AC system 2019; boiler in 2019 also. Eleven of the apartments have been remodeled and we have a list of other upgrades available. There is a laundry room onsite with multiple washers and dryers, new in 2024. This property is extremely well maintained and of course you won't find a better location. Give me a call and we can schedule your appointment.. The listing agent has financial and tenant information including pro forma rent numbers. This property will be part of a 1031 Exchange.

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510 Texas Street #14 Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,960
  • Price/Sq.ft. $287
  • Lot 0.36 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Denton ISD
  • Elementary School: Nette Shultz
  • Middle Or Junior School: Calhoun
  • High School: Denton

Income/Expenses

  • Gross Income: 182400.0
  • Insurance Expense: 3500.0
  • Net Operating Income: 134650.0
  • Operating Expense Includes: Capital Improvements,Insurance,Maintenance Grounds,Maintenance Structure,Maintenance,Pest Control,Supplies,Trash,Utilities,Water/Sewer

Building Information

  • Year Built: 1965
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Denton
  • Postal City: DENTON
  • Subdivision Name: Schmitz & Rippy

Community/Development

  • Community Features: Laundry Facilities,Community Mailbox,Curbs,Sidewalks

Tax Information

  • Tax Annual Amount: 15906.0

General Information

  • Disclosures: Easement(s)
  • Listing Terms: Cash,Conventional
  • Parcel Number: R28025
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 14
  • Bathrooms Half: 0
  • Bathrooms Total: 14
  • Bedrooms Total: 22

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 6960.0

General Information

  • Appliances: Dishwasher,Disposal,Gas Range,Refrigerator
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Laminate,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Granite Counters,High Speed Internet,Cable TV,Walk-In Closet(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
  • Stories: 2

Unit Information

  • Unit Number: 14

Exterior

Parking Information

  • Open Parking: Yes
  • Parking Features: Asphalt,Common,Covered,Driveway,Guest,On Site,Open,Off Street,Parking Lot,Unassigned
  • Parking Total: 25.0

Lot Information

  • Lot Features: Interior Lot
  • Lot Size Acres: 0.363
  • Lot Size Area: 0.363
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 15812.28
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick,Wood Siding
  • Roof: Metal

General Information

  • Carport: No
  • Covered Spaces: 6.0
  • Exterior Features: Covered Courtyard
  • Fencing: Back Yard,Wood
  • Number Of Units Total: 14
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 6

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 8
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510 Texas Street #14 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
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