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$3,728,000

Est. payment - /mo

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13 Beds

12 Baths

4,925 SqFt

Active

521 Texas Street Denton, TX 76209

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J. Monique Clark

TDRealty

monique@primerealtydfw.com +1(662) 590-6650

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,925 sqft

Price per Sqft $756

Subdivision Schmitz & Rippy

MLS Listing ID 20892578

Bedrooms 13

Full Baths 12

HOA Y/N None

Total Fin. Sqft 4925

Year Built 1920

Annual Tax Amount $11,195

Lot Size 0.321 Acres

Acres 0.321

Property Sub-Type Apartment

Property Description

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!

Location

State TX

County Denton

Direction GPS

Interior

Interior Features Cable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available, Open Floorplan

Heating Central, Heat Pump, Natural Gas

Cooling Central Air, Electric, Multi Units, Wall Unit(s)

Flooring Ceramic Tile, Hardwood, Laminate, Wood

Appliance Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer

Heat Source Central, Heat Pump, Natural Gas

Exterior

Exterior Feature Covered Patio/Porch, Dog Run, Rain Gutters, Private Yard

Fence Fenced, Perimeter, Wood

Utilities Available City Sewer, City Water

Roof Type Composition,Metal

Garage No

Building

Lot Description Corner Lot

Story Two

Foundation Pillar/Post/Pier

Level or Stories Two

Structure Type Frame,Wood

Schools

Elementary Schools Nette Shultz

Middle Schools Calhoun

High Schools Denton

School District Denton Isd

Others

Ownership Of record

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Owner Will Carry

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20892578

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jonathan King • Monument Realty

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J. Monique Clark

Agent | License ID: 0783848

+1(662) 590-6650