Denton, TX 76201 804 N Locust Street
$1,200,000



14 more















Presented By: Andrew Killian with KILLIAN PROPERTY MANAGEMENT; 940-566-5717
Home Details
This eight-unit complex offers growth potential for your new North Locust Street Portfolio! (See other listings: 810, 1013, 1717, and 2425 N. Locust. Selling as portfolio only).
The owners—who run one of Denton’s longest running property management companies—have personally cared for this property since 1997. These units are easy to lease but still have room for updates to justify rent increases. An savvy investor would likely someday refresh the kitchens and bathrooms. And the vacant lot across from the complex, currently used as green space and overflow parking, presents a wonderful opportunity for later development. One of the few remaining empty lots on Locust!
Units: Accent walls of corrugated metal or wood, the wood floors on the second floor and painted concrete on the first floor make turning units a breeze, two downstairs units have their own private yards, residents pay their own electricity, water, and gas(!), coin-operated laundry room onsite, plenty of parking—residents have enjoyed having a reserved space right outside their apartment, adjacent to Austin Street Historical District, quiet, convenient to TWU, UNT, and the popular downtown Denton Square (live music, food, independent bookstores, busy bars, and the historic Denton Courthouse). Pergola, grill, and bike rack available for resident use! Must see to truly understand how neat this location is.
Presented By: Andrew Killian with KILLIAN PROPERTY MANAGEMENT; 940-566-5717
Interior Features for 804 N Locust Street
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths8
Other Interior Features
Unit Count1
Lock Box TypeOther
Basement Y/NNo
FlooringConcrete, Tile, Wood
Interior FeaturesTile Counters
Occupancy Rate100
Total Units8
General for 804 N Locust Street
# of Buildings1
AppliancesElectric Oven, Gas Oven, Refrigerator
Capitalization Rate4.77
CityDenton
Complex NameLocust Center
Construction MaterialsBoard & Batten Siding, Steel Siding
CoolingCeiling Fan(s), Central Air, Electric
CountyDenton
DirectionsGPS 804 North Locust Street, Denton, Texas 76201
Elementary SchoolNewton Rayzor
Elementary School NameNewton Rayzor
Full Baths8
Gross Annual Expenses38607.00
HOA TypeNone
HeatingNone
High SchoolDenton
Insurance Expense9458
LevelsTwo
Occupant TypeTenant
Operating Expense IncludesAccounting, Maintenance
Pool Y/NNo
PossessionNegotiable
Property SubtypeApartment
Property TypeResidential Income
RoofComposition
School DistrictDenton ISD
Security FeaturesSmoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameBbb & Crr
TenancyNo Smoking, No Sublease, Pet Restrictions
Unexempt Taxes11500
UtilitiesCity Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Other
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1964
Year Built DetailsPreowned
Exterior for 804 N Locust Street
Building Area Total4800.00
Foundation Slab
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1903
Lot Size Area0.1903
Lot Size SourceAppraiser
Lot Size Square Feet8289.4680
Lot Size UnitsAcres
Number Of Parking Spaces15
Parking FeaturesGuest, Private
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Newton Rayzor Elementary School
