Denton, TX 76209 521 Texas Street

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 20892578
  • 04/26/2025
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Presented By: Jonathan King with Monument Realty; 469-233-1500
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 13
  • Baths • 12
  • SQFT • 4,925
  • Year Built • 1920

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

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCeramicTile, Hardwood, Laminate, Wood
Heating Y/NYes
Interior AmenitiesDecorativeDesignerLightingFixtures, GraniteCounters, HighSpeedInternet, OpenFloorplan, CableTv
Total Fireplaces

General for 521 Texas Street

Additional Parcels Y/NNo
AppliancesDryer, ElectricRange, Disposal, Microwave, Refrigerator, Washer
Attached Garage No
AttributionContact469-233-1500
Cap Rate7.33
Carport Spaces0.0
Carport Y/NNo
CityDenton
Construction MaterialsFrame, WoodSiding
CoolingCentralAir, Electric, MultiUnits, WallUnits
CountyDenton
DirectionsGPS
Electric On Property Y/NNo
Elementary SchoolNette Shultz
Elementary School DistrictDenton ISD
Full Baths12
Garage Spaces0.0
Garage Y/NNo
Gross Income303360.0
HOANo
HeatingCentral, HeatPump, NaturalGas
High SchoolDenton
High School DistrictDenton ISD
Home Warranty Y/NNo
Insurance Expense12920.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSCHMITZ & RIPPY BLK B LOT 11, 12
LevelsTwo
Lot Size Square Feet13982.76
Lot Size UnitsAcres
Middle/Junior High SchoolCalhoun
Middle/Junior School DistrictDenton ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-26T00:10:16.610-00:00
Net Operating Income273245.0
New ConstructionNo
Number Of Units Total12
Occupancy TypeTenant
Patio/Porch FeaturesCovered
Pool FeaturesNone
PossessionCloseOfEscrow, SubjectToTenantRights
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Metal
Security FeaturesSecuritySystem, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameSchmitz & Rippy
Tax Annual Amount11195.0
Tax Lot11
UtilitiesSewerAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1920
Year Built DetailsPreowned

Exterior for 521 Texas Street

Building Area Total4925.0
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesDogRun, PrivateYard, RainGutters
FencingFenced, Perimeter, Wood
Foundation DetailsPillarPostPier
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.321
Lot Size Area0.321
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, OffStreet, ParkingLot
SpaNo
Total Parking12.0
Water SourcePublic

Additional Details

Price History

Schools

Middle School Calhoun Middle School
High School Denton High School
Elementary School Nette Shultz Elementary School

Suzanne Smith

Broker/Owner
Price $3,728,000
MLS#20892578
List Date 04/26/2025
Property Type Multi-Family
Phone 903.235.4216
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