MLS® ID: 13978928

N 1803 Elm Street

Denton, Texas, 76201

$1,150,000 Active
  • - SQFT
7.5% CAP RATE. Location, Location, Location. 1 block from 380, in the heart of Denton, close to universities and downtown. Be the owner of this cash flowing, leased investment property, ready for your turn key investor. Property has new roof over-lay. New parking over-lay, seal coat and striping. Exterior newly painted. Fully leased. 4 current tenants occupying 6 units with 3 year escalating leases, increasing annually with 2 year tenant options after first three years. Front parking lot scheduled for re-paving. Projected cap rate year 2020 - 8.8%, Projected cap rate years 2021 & 2122 - 10.95%
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Listing courtesy of Fathom Realty, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    76201
  • Office name
    Fathom Realty, LLC
  • Subdivision
    Coolcrest
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial
  • Year built
    1975
  • Lot size
    .5 Acre to .99 Acre
  • Heating
    Central Air-Elec,Central Heat-Gas
  • Agent name
    Stacy Byassee
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    FATHLV01
  • Agent ID
    0575770

Location

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