Property Attributes
- MLS#20487677
- TypeMulti-Family
- CountyDENTON
- CityDenton
- NeighborhoodPonder Add
- Zip76201
- StyleApartment
- Year Built1963
- Taxes$ 52576
- Price$ 4,235,000
- Bedrooms35
- Full Bathrooms35
- Half Bathrooms0
- Lot Size0.592 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Prime location just two blocks from the University of North Texas, The Vine on Ponder St offers a strong investment opportunity. Major recent renovations include exterior paint, interior paint, modern flooring, exquisite finishes, newly fenced patios, and new stainless appliances. The complex consists of 2 buildings, housing 35 units. Units range from studio, to 1 bed 1 bath, to 2 bed 1.5 bath. Parking is located in between both buildings. This complex presents major potential, as market rents show room for growth. Property could also thrive with a stronger online presence. Don’t miss out on this wonderful investment opportunity!
Elementary School |
---|
EP Rayzor Elementary School |
Price History | |
---|---|
12/4/2023 | Listed $4,235,000 |
General Features
Heating | Central,Heat Pump |
---|---|
Complex Name | VINE APARTMENTS LLC |
Cooling | Central Air,Other |
Utilities | City Sewer,City Water,Co-op Electric |
Possession | Closing/Funding |
Roof | Composition |
Appliances | Dishwasher,Gas Cooktop,Gas Oven,Microwave,Refrigerator |
School District | Denton ISD |
Capitalization Rate | 2.12 |
Year Built | 1963 |
Tenancy | Over 9 Months |
Levels | Two |
Unexempt Taxes | 52576 |
Will Subdivide | No |
Gross Annual Expenses | 244016.00 |
Property SubType | Apartment |
Subdivision Name | Ponder Add |
Insurance Expense | 46537 |
County | Denton |
Property Type | Residential Income |
Construction Materials | Brick |
Year Built Details | Preowned |
HOA Type | None |
# of Buildings | 2 |
Status | Active |
Directions | Use GPS |
City | Denton |
Buyer Agent Compensation | 3 |
Elementary School Name | EP Rayzor |
High School | Denton |
Street Name | Ponder |
Elementary School | EP Rayzor |
Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20487677 |
Standard Status | Active |
Buyer Agent Compensation Type | % |
Interior Features
Interior Features | Cable TV Available,High Speed Internet Available |
---|---|
Flooring | Laminate |
Occupancy Rate | 95 |
Total Units | 35 |
Unit Count | 4 |
Lock Box Type | Other |
Street Suffix | Street |
Exterior Features
Parking Features | Asphalt,Guest |
---|---|
Foundation | Slab |
Lot Size Area | 0.5920 |
Number Of Parking Spaces | 50 |
Lot Size Units | Acres |
Building Area Total | 15200.00 |
Lot Size Square Feet | 25787.5200 |
Lot Size Acres | 0.5920 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool