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About This Home

This 47-bedroom, 24-bathroom multi-family at 2404 Louise Street in Denton, TX is listed for $4,300,000 ($442 per sqft). Built in 1967, the home offers 9,720 sqft of living space on a 0.72 acres lot.

Agent 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.

Key Features

  • Built in 1967
  • 0.72 acre lot
  • 2 stories
  • 34 parking spaces

Property Details

2 stories
24 full
34 spaces
#2404 & 2420
1967

Monthly Cost Estimate

$22,997/mo

20% down · 6.5% · 30 years

Principal$3,110
Interest$18,633
Insurance$1,254

Estimates only. Actual payments may vary.

Location

2404 Louise Street

Denton, TX 76201

Owsley Park

Features & Amenities

Interior Features

Cable Tv AvailableGranite CountersHigh Speed Internet AvailableMultiple Staircases

Exterior Features

Covered CourtyardLightingFence

Property Details

Flooring

CarpetVinyl

Construction

Brick

Parking

Parking Lot

Heating

CentralNatural Gas

Cooling

Ceiling Fan(s)Central Air

Appliances

DishwasherGarbage DisposerMicrowaveRangeRange - GasRefrigeratorWasher

Questions & Answers

This 47-bedroom, 24-bathroom multi-family at 2404 Louise Street is listed at $4,300,000 ($442/sqft). The estimated monthly payment is $18,633 based on 20% down at 6.5% interest.

Key features include: Built in 1967, 0.72 acre lot, 2 stories, 34 parking spaces. Interior Features: Cable Tv Available, Granite Counters, High Speed Internet Available. Exterior Features: Covered Courtyard, Lighting, Fence.

This property is listed by Ara Minassian and can be reached at 2147270686 or ara@starrealty.us.

AM

Ara Minassian

Agent at Star Realty

(214) 727-0686

Listed by Star Realty · View on Broker Site

MLS# 21194900· Source: listhub· Updated today

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2404 Louise Street, Denton, TX 76201

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