Bruce Rayburn

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Listing provided courtesy of Scott Brown Properties, Inc- MLS# 21221228MLS ProviderContact Information: Jonathan King - (940) 243-7368

1303 Fannin StreetDenton, TX 76201

Multi-Family · 9 Beds · 8 Full Baths · 3,709 Sq. ft. | 0.48 Acres
$1,497,000 Active

1303 Fannin Street Overview

Visits:
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8 Units on Multi-Family Zoned Land Zoned MN Right Next to Each Other at 1305 Fannin, 1316 Margie, 1404 Margie One Block From The University of North Texas, UNT! The Properties are Two Triplexes and a Duplex 100% Rented That Back Up to Each Other and Cashflow Nicely While Staying Easily Rented! There is Always a Line Out the Door to Rent These Units! This Hot Location is Perfect to Build a New Three Story Apartment Complex or Keep It Like It Is! Almost All the Units are Tastefully Updated and Have Backyards! These Units Look Better Than Almost Anything Out There So There’s Always a Rapid Influx of People Wanting to Rent Since Nothing Compares! They Are Walking Distance to UNT, Biking Distance to the Downtown Denton Square, and Driving Distance to TWU. They’re Perfect for College Students or Working Professionals! NO HOA, LOW TAXES, LAND ZONED FOR MULTIFAMILY! There’s Plenty of Upside Potential to Increase Rents Add Additional Units or Build a Brand New Apartment Complex as the Zoning Allows!

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1303 Fannin Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,709
  • Price/Sq.ft. $404
  • Lot 0.48 Acres

Details

General

Association/HOA

  • Association: No

School Information

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

Income/Expenses

  • Gross Income: 118800.0
  • Insurance Expense: 6200.0
  • Net Operating Income: 89690.0
  • Operating Expense Includes: Insurance,Trash,Utilities,Water/Sewer

Building Information

  • Year Built: 1963
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Denton
  • Postal City: DENTON
  • Subdivision Name: Ewing Add

Tax Information

  • Tax Annual Amount: 8349.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: R0000
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 0
  • Bathrooms Total: 8
  • Bedrooms Total: 9

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 3709.0

General Information

  • Appliances: Refrigerator
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate,Wood
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Decorative/Designer Lighting Fixtures,Granite Counters,High Speed Internet,Cable TV
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 10.0

Lot Information

  • Lot Features: Back Yard,Lawn,Landscaped
  • Lot Size Acres: 0.4831
  • Lot Size Area: 0.4831
  • Lot Size Square Feet: 21043.84
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Wood Siding
  • Roof: Composition

General Information

  • Carport: No
  • Fencing: Chain Link,Wood
  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 1 Bedroom
  • Units Total: 3

Unit 4 Details

  • Unit Type: 1 Bedroom
  • Units Total: 2

Unit 5 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

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.

1303 Fannin Street 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.

1303 Fannin Street 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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