1303 Fannin St, Denton, TX 76201

$1,497,000
: 9
BD
: 8
BA

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List Price: $1,497,000
MLS#: 21221228
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1963
Construction Status: Preowned
Bedrooms: 9
Full Baths: 8
Acres: 0.48
County: Denton
City: Denton
Subdivision: Ewing Add
Building Name: Na

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Property Description

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!

(817) 889-0159

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Additional Information

Unexempt Taxes: $8,349
Lot Size: 21,043
Acres: 0.48
Lot Description: Back Yard, Lawn, Landscaped
Interior Features: Decorative Designer Lighting Fixtures, Granite Counters, High Speed Internet, Cable TV
Flooring: Laminate, Wood
Foundation: Pillar/Post/Pier
Roof: Composition
Stories: 1
Pool Features: None
Parking Garage: Off Street
School District: Denton Isd
Elementary School: Borman
Middle School: Calhoun
High School: Denton
Possession: SubjectToTenantRights