Denton, TX 76209 521 Texas Street
$3,728,000



35 more




































Presented By: Jonathan King with Monument Realty; 469-233-1500
Home Details
Why Live in an Ordinary Apartment When You Can Live in an Updated Mansion!? This Property Has It All with Ultra Low Taxes and Low Insurance, a Great Location Next to Two Major Universities TWU and UNT, a Few Blocks Away from The Downtown Denton Square, and is an Investor’s Dream! 6 of the Apartments are Slated as AirBnB Short-Term Rentals with High Returns While the Bottom Floor 6 Units are Used for Long-Term Rentals for Stability! This Property Functions Well as Both Long-Term Rentals for Stability or Short-Term Rentals to Maximize Returns and Could Even Become a Beautiful Boutique Hotel! It Has Brand New Plumbing, Electrical, HVAC, Parking, Covered Porches, a Fenced Dog Park, and Location, Location, Location! The Vanderbilt Apartments Features Easy Walking Distance to Texas Woman’s University, Biking Distance to The Downtown Denton Square, and Biking Distance to The University of North Texas! You’ll Experience Unparalleled Charm and Timeless Elegance in this 1920s Craftsman Style Mansion Completely Renovated and Updated with All Modern Amenities! Your Kitchen Includes Updated Stainless Steel Applicances with a New LG Washer and Dryer Stackable Unit Inside Your Unit and Included, Brand New Updated Quartz Countertops, Undermount Sink, a French Corner-Entry Shower with Rainfall Shower Head, Brand New White Oak Styled Waterproof Flooring, Shiplap Accent Walls, and Charm You Won’t Find Anywhere Else! Also Included is a Little Dog Park in the Backyard and Some Rocking Chairs on the Front and Back Porches to Enjoy Your Morning Coffee or Get Some Work Done on Your Laptop While Taking in the Breeze! This Property Cash Flows Wonderfully and Tenants are Always Lining Up to Rent Here as Nothing Compares! All Mechanicals Have Been Replaced and No Deferred Maintenance! The Vanderbilt Boasts Brand New Plumbing, HVAC, and Electrical Throughout Permitted by the City of Denton with Approved Certificate of Occupancy from the City! Come and Get This One Before It’s Gone!
Presented By: Jonathan King with Monument Realty; 469-233-1500
Interior Features for 521 Texas Street
Bedrooms
Total Bedrooms13
Bathrooms
Half Baths0
Total Baths12
Other Interior Features
Unit Count12
Fireplaces Total0
Lock Box TypeNone
Basement Y/NNo
FlooringCeramic Tile, Hardwood, Laminate, Wood
Interior FeaturesCable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available, Open Floorplan
Total Units12
General for 521 Texas Street
# of Buildings1
AppliancesDisposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Capitalization Rate7.33
Carport Spaces
CityDenton
Complex NameThe Vanderbilt
Construction MaterialsFrame, Wood
CoolingCentral Air, Electric, Multi Units, Wall Unit(s)
CountyDenton
DirectionsGPS
Elementary SchoolNette Shultz
Elementary School NameNette Shultz
Full Baths12
Gross Annual Expenses30115.00
HOA TypeNone
HeatingCentral, Heat Pump, Natural Gas
High SchoolDenton
Insurance Expense12920
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional, FHA, Owner Will Carry
Number of Garage Spaces0
Occupant TypeTenant
Operating Expense IncludesMaintenance, Maintenance Grounds, Utilities
Pool Y/NNo
PossessionClosing/Funding, Lease Outstanding, Subject to Lease
Property SubtypeApartment
Property TypeResidential Income
RoofComposition, Metal
School DistrictDenton ISD
Security FeaturesSecurity Lights, Security System
Standard StatusActive
StatusActive
Subdivision NameSchmitz & Rippy
TenancyNo Smoking, No Sublease, No Waterbeds, Over 9 Months, Pet Restrictions, Pets Allowed
Unexempt Taxes11195
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1920
Year Built DetailsPreowned
Exterior for 521 Texas Street
Attached Garage Y/NNo
Building Area Total4925.00
Covered Spaces
Exterior FeaturesCovered Patio/Porch, Dog Run, Rain Gutters, Private Yard
FencingFenced, Perimeter, Wood
Foundation Pillar/Post/Pier
Garage Y/NNo
Lot FeaturesCorner Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.3210
Lot Size Area0.3210
Lot Size Square Feet13982.7600
Lot Size UnitsAcres
Number Of Parking Spaces12
Parking FeaturesAssigned, Off Street, Parking Lot