6
319 W. OAK STREET | DENTON, TX 76201 | 940.381.2220 | WWW.V-RE.COM FOR SALE LAUREN HOWE 940.381.2220 [email protected] 1129 Johnson St, Denton, TX 76205 JOHNSON STREET APARTMENTS
3 1 9 W . O A K S T R E E T | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
F O R S A L E
L A U R E N H O W [email protected]
1129 Johnson St, Denton, TX 76205
J O H N S O N S T R E E TA P A R T M E N T S
V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services
L A U R E N H O W [email protected]
NOI: $97,432
Year Built: 2020
Building Gross: 7,120 SF
O F F E R I N G P R I C E$1,900,000
C A P R AT E5.13%
F O R S A L E
1129 JOHNSON ST, DENTON, TX 76205
J O H N S O N S T R E E T A P A R T M E N T S
V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services
L A U R E N H O W [email protected]
PROPERTY HIGHLIGHTS100% Leased
8 Units
2 Bed / 2 Bath Units
Below Market Rents
2020 Construction
Call for Detailed Financials
OFFERING SUMMARY
Sale Price: $1,900,000
Number of Units: 8
Building Size: 7,120 SF
NOI: $97,432.00
Cap Rate: 5.13%
PROPERTY DESCRIPTIONThis fully leased multi-family property was constructedin 2020 and is 100% Leased. The 8 unit complex consistsof all 2 Bed / 2 Bath units with high quality finish outs.Current rents are below market, offering investors theopportunity to acquire this fully stabilized property withfuture upside that can be quickly realized.
LOCATION DESCRIPTIONProperty is located minutes from Downtown Denton andthe Historic Downtown Square making it convenient andattractive for young professionals. This location alsooffers quick and convenient access to all three ofDenton's universities; University of North Texas (40,000+Students), Texas Women's University (15,000+ Students)and NCTC Downtown Denton (1,200+ Students).
F O R S A L E
1129 JOHNSON ST, DENTON, TX 76205
J O H N S O N S T R E E T A P A R T M E N T S
V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services
L A U R E N H O W [email protected]
F O R S A L E
1129 JOHNSON ST, DENTON, TX 76205
J O H N S O N S T R E E T A P A R T M E N T S
V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services
L A U R E N H O W [email protected]
F O R S A L E
1129 JOHNSON ST, DENTON, TX 76205
J O H N S O N S T R E E T A P A R T M E N T S
V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M
INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services
L A U R E N H O W [email protected]
F O R S A L E
1129 JOHNSON ST, DENTON, TX 76205
J O H N S O N S T R E E T A P A R T M E N T S
LOCATION INFORMATION
Building Name Johnson Street Apartments
Street Address 1129 Johnson St
City, State, Zip Denton, TX 76205
County/Township Denton
BUILDING INFORMATION
Building Size 7,120 SF
NOI $97,432
Cap Rate 5.13%
Year Built 2020
PROPERTY DETAILS
Property Type Multifamily
Property Subtype Mid-Rise
