x
Address
1803 N Elm Street Denton, TX
Price
$ 1,150,000
Property Attributes
  • MLS#13978928
  • TypeContingent
  • CountyDENTON
  • CityDenton
  • AreaDenton and part of Corinth
  • NeighborhoodCoolcrest
  • Zip76201
  • StyleOffice,Restaurant,Retail
  • Year Built1975
  • Taxes22562
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9960
  • Lot Size0.36 Acres
Listing Provided Courtesy Of:
Stacy Byassee with Fathom Realty, LLC
Property Description

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%

Price History
11/27/2018 Listed $1,255,000
9/2/2019 9% - $1,150,000

General Features

Block 1
Building Use Office, Restaurant, Retail
Commercial Features Inside Storage, Security Lighting
Listing Area DENTON COUNTY (31)
Lot Number 4A
Property Type Commercial
Proposed Financing Cash, Conventional
Stories 1
Sub Area Denton and part of Corinth (2)
Subdivision Coolcrest
Tenant Pays Alarm Monitor Fee, All Utilities, Renters Insurance
Type COM-Sale
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/13978928
Year Built 1975
Year Built Details Preowned
Zoning Commercial DR-2

Interior Features

# of Units 6
Ceiling Height 11 to 14 Feet, 8 to10 Feet
Flooring Carpet, Ceramic Tile, Concrete
Heating Central Air-Elec, Central Heat-Gas
Living Area 9960
Sqft Building 9960
Sqft Leasable 9600
Utilities City Sewer, City Water, Curbs, Individual Gas Meter, Master Gas Meter, Overhead Utilities

Exterior Features

Construction Materials Brick, Metal
Construction Materials Walls Brick, Metal, Paneling, Texture
Foundation Slab
Inclusions Building Only, Land & Improvements
Lot Size Area 0.362
Lot Size Area .5 Acre to .99 Acre
Lot Size Area (acres) 0.362
Lot Size Area (sq Ft) 15768
Lot Size Source Tax
Lot Size Units Acres
Parking Features Common Lot, Front, Rear, Unassigned Spaces
Road Frontage Asphalt, City, Curbs/Gutters

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 76201

Price
AVG $360K
$1.15M
Taxes
AVG $6,340
$22,562
Visits
AVG 84
267
Year Built
AVG 1958
1975
Walkscore
AVG 68
82
Data Provided by Walkscore ® not using MLS data

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