Denton, TX 76209 510 Texas Street
$2,000,000



11 more












Presented By: MARILYN NEWLAND with Keller Williams Realty; (940) 484-9411
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Rare opportunity to invest in a multi-family property within walking distance of Texas Women's University, less than one-half mile walk and a 2 minute drive. It's also less than 5 minutes to the historic popular downtown Denton square with its many restaurants, shopping and entertainment choices. That makes this a highly desirable location and these don't come on the market very often. There are 14 units; 8 2-bedroom units and 6 1-bedroom units. There are 25 parking spaces, including 6 covered spaces, which actually exceeds the city's requirements. The roof is new this year, custom designed.. Ask us about the special construction and installation. The water heaters are new in 2025; AC system 2019; boiler in 2019 also. Eleven of the apartments have been remodeled and we have a list of other upgrades available. There is a laundry room onsite with multiple washers and dryers, new in 2024. This property is extremely well maintained and of course you won't find a better location. Give me a call and we can schedule your appointment to view the 2 vacant apartments.
Presented By: MARILYN NEWLAND with Keller Williams Realty; (940) 484-9411
Interior Features for 510 Texas Street
Bedrooms
Total Bedrooms22
Bathrooms
Half Baths0
Total Baths14
Other Interior Features
Basement Y/NNo
Fireplaces Total0
FlooringCarpet, Laminate, Luxury Vinyl Plank
Interior FeaturesCable TV Available, Decorative Lighting, High Speed Internet Available, Walk-In Closet(s)
Lock Box TypeCombo
Total Units14
Unit Count2
Window FeaturesWindow Coverings
General for 510 Texas Street
# of Buildings1
AppliancesDishwasher, Disposal, Gas Range, Refrigerator
Capitalization Rate6.69
Carport Spaces
CityDenton
Complex Name510 Texas St.
Construction MaterialsBrick, Fiberglass Siding
CoolingCeiling Fan(s), Central Air
CountyDenton
DirectionsFrom University Dr., go south on Bell Ave. past TWU; turn east on Texas St. The property is the 3rd one on the right. There is no sign in the yard.
Elementary SchoolNette Shultz
Elementary School NameNette Shultz
Full Baths14
Gross Annual Expenses47750.00
HOA TypeNone
HeatingCentral
High SchoolDenton
Insurance Expense3500
LevelsTwo
Listing TermsCash, Conventional
Number of Garage Spaces0
Occupant TypeVacant
Operating Expense IncludesCapital Improvements, Insurance, Maintenance, Maintenance Grounds, Maintenance Structure, Pest Control, Supplies, Trash, Utilities, Water/Sewer
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeApartment
Property TypeResidential Income
RoofMetal
School DistrictDenton ISD
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Special NotesAerial Photo
Standard StatusActive
StatusActive
Subdivision NameSchmitz & Rippy
TenancyMonth to Month, Over 9 Months
Unexempt Taxes14862
UtilitiesCable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Sidewalk
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1965
Year Built DetailsPreowned
Exterior for 510 Texas Street
Attached Garage Y/NNo
Building Area Total6960.00
Covered Spaces6
Exterior FeaturesCovered Courtyard
FencingBack Yard, Wood
Foundation Slab
Garage Y/NNo
Lot FeaturesInterior Lot
Lot Size Acres0.3630
Lot Size Area0.3630
Lot Size SourceAssessor
Lot Size Square Feet15812.2800
Lot Size UnitsAcres
Number Of Parking Spaces25
Parking FeaturesAsphalt, Common, Covered, Guest, Off Street, On Site, Open, Parking Lot, Unassigned
Patio And Porch FeaturesCovered
WaterfrontNo
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Nette Shultz Elementary School
High School
N/A

Suzanne Smith
Broker/Owner