Listing provided courtesy of Star Realty- MLS# 21194900MLS ProviderContact Information: Ara Minassian - 214-727-0686

2404 Louise Street #2404 & 2420Denton, TX 76201

Multi-Family · 47 Beds · 24 Full Baths · 9,720 Sq. ft. | 0.72 Acres
$4,300,000 Active

2404 Louise Street #2404 & 2420 Overview

Visits:
10

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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2404 Louise Street #2404 & 2420 Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,720
  • Price/Sq.ft. $442
  • Lot 0.72 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Denton ISD
  • Elementary School: Newton Rayzor
  • Middle Or Junior School: Calhoun
  • High School: Denton

Income/Expenses

  • Gross Income: 316800.0
  • Insurance Expense: 4000.0
  • Net Operating Income: 230746.0
  • Operating Expense Includes: Maintenance Grounds,Maintenance Structure,Maintenance,Pest Control,Supplies,Trash,Utilities,Water/Sewer

Building Information

  • Year Built: 1967
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Denton
  • Postal City: DENTON
  • Subdivision Name: Owsley Park

Community/Development

  • Community Features: Curbs,Sidewalks

Tax Information

  • Tax Annual Amount: 22154.0

General Information

  • Disclosures: Deed Restriction
  • Listing Terms: Cash,Conventional
  • Parcel Number: R26195
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 24
  • Bathrooms Half: 0
  • Bathrooms Total: 24
  • Bedrooms Total: 47

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 9720.0

General Information

  • Appliances: Some Gas Appliances,Dishwasher,Disposal,Gas Range,Gas Water Heater,Microwave,Plumbed For Gas,Refrigerator
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Granite Counters,High Speed Internet,Multiple Staircases,Cable TV
  • Levels: Two
  • Living Area: 9720.0
  • Stories: 2

Unit Information

  • Unit Number: 2404 & 2420

Exterior

Parking Information

  • Parking Features: Common,Concrete,Parking Lot
  • Parking Total: 34.0

Lot Information

  • Lot Features: Corner Lot,Level
  • Lot Size Acres: 0.72
  • Lot Size Area: 0.72
  • Lot Size Square Feet: 31363.2
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition,Flat

General Information

  • Carport: No
  • Exterior Features: Covered Courtyard,Lighting
  • Fencing: Chain Link,Wood
  • Number Of Units Total: 24
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Available,Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 23

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2404 Louise Street #2404 & 2420 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.

2404 Louise Street #2404 & 2420 Market Data

Based on the last 30 days in this zip code

$339,165
Average List Price
$205
Average Price per Square Foot
11
Properties Sold
79
Average Days on Market
65
Properties for Sale
Calculations provided by Reliance Network


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