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    1600 Scripture St Denton, TX 76201

    For Sale
    Contact for pricing

    22-Unit Multifamily near UNT

    Property size:
    13,458 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 22-unit multifamily property, located at 1600 Scripture Street in Denton, Texas, presents a compelling investment opportunity. Situated on a 0.68-acre lot, the building boasts a substantial 13,458 square feet of space. Its prime location, just two blocks north of the University of North Texas and minutes west of the historic Denton Square, ensures high occupancy rates. The property benefits from its proximity to all areas of the university and the city of Denton, making it highly attractive to students and young professionals. Recently redeveloped, this multifamily building is in excellent condition and ready for immediate income generation. The property's classification as both an apartment building and student housing reflects its versatility and appeal to a broad tenant base. The address is 1600 Scripture St, Denton, TX 76201. This is a rare chance to acquire a well-positioned, high-demand multifamily asset in a thriving Texas market. The property's size and location make it an ideal investment for those seeking strong returns in a rapidly growing area. Its proximity to UNT and the Denton Square provides easy access to a vibrant social scene, shopping, and dining options, further enhancing its desirability. This is a turnkey investment ready for immediate income generation.

    Property Features for 1600 Scripture St

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,458 SF
    Lot Size
    29,621 SF

    HighLights

    • 22‑unit multifamily property in Denton, TX.
    • 13,458 square feet on a 0.68‑acre lot.
    • Prime location: two blocks from UNT, minutes from Denton Square.
    • Recently redeveloped, excellent condition.
    • Attractive to students and young professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ford Lesa MD Pathologist The APPA Group Medical Clinic Dr. Melanie F. ... Pathologist Dr. Kenneth L. ... Pathologist Anatomical Medical Labs Medical Laboratory

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1490334
    Latitude
    33.2193306

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    FAQs

    What type of property is this?
    Multifamily property - 22-Unit Multifamily near UNT
    Where is this multifamily property located?
    The property is located at 1600 Scripture St Denton, TX.
    What are key features of this property?
    This property features: 22-unit multifamily property in Denton, TX.; 13,458 square feet on a 0.68-acre lot.; Prime location: two blocks from UNT, minutes from Denton Square.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Scripture St Denton, TX 76201
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