USATXDentonIndustrial School417 Withers St

417 Withers St, Denton, TX

Name: 417 Withers St, Inactive in Denton - Zoocasa
Brand: Ray Gun Commercial
SKU: 20865774
Price: 2600000 USD

Condo

Pending

Listed price in listed location currency (USD).

$2,600,000

302234

MLS® 20865774

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage No

Maintenance Fees

Taxes

Approx. Age 1985

MLS® Number 20865774

Property Address: 417 Withers St, Denton, TX, 76201-3227

Average square foot calculated using Size range provided by listing agent.

Description

PRiCE REDUCED TO $2, 600, 000. La Maureta Apartments is a 22-unit multifamily property ideally located just half a block from Texas Woman’s University (TWU) and within walking distance to historic downtown Denton, offering excellent visibility and accessibility. With easy access to Loop 288, University Drive (US-377) and Denton transit stations, the property is well-positioned to attract a diverse tenant base, including students, young professionals and families. Additionally, La Maureta benefits from its direct proximity to the 32-acre Quakertown Park, a popular recreational space featuring walking paths, sports courts and an aquatic center. Denton’s strong rental market is fueled by its rapid population growth, over 16.29% in the last four years and 40% since 2010, as well as the presence of major educational institutions, TWU and the University of North Texas (UNT), which enroll over 65, 000 students combined. La Maureta offers a value-add opportunity with significant upside potential. Modernizing the units with wood plank-style vinyl flooring, stainless steel appliances and premium counter tops can drive rental increases, potentially boosting income by approximately $35, 000 annually and adding $500K in property value at a 7% cap rate. Further revenue streams could be unlocked through adding covered parking spaces for an estimated $20-$30 per month per space and implementing a water conservation program potentially reducing utility expenses by 20-50% annually. • Value Add Opportunity • Potentially Add Carports for Additional Income • Implement Water Conservation Program • Half Block from Texas Woman's University • Great Visibility on Heavily Traveled Route to TWU • Within Walking Distance to Historic Downtown Denton • Easy Access to Loop 288 & University Dr. (US-377) • Strong Rental Market • Significant Population Growth

MLS® Number20865774

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1985

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

-Sold Price

Pending

Mar 8, 2025List Date

$2,600,000List Price

Commute

Commute

Starting Address

Destination Address

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