Address
411 Ponder Street, Denton, TX
Price
$ 4,235,000
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
Property vs Multi-Family Average in 76201
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
