8-Unit Multifamily
For Sale
$1,300,000
A-b-2532 Charlotte St, Denton, TX 76201
Two-bedroom apartments include in-unit kitchen appliances and access to a shared coin-operated laundry room.
Property Size5,760 SF
Price / SF$225.69
Days on Market28
Property Features for A-b-2532 Charlotte St
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,080
Amenities
laundry room
community mailbox
parking lot
Building Details
Buildings
2
Listing Agency:
Seeto Realty
Listed By:
Jennifer Kirk · License #0584526
(972) 509-7100
Source:
Exprealty
Added: Sep 25
Changed: Oct 21
Last Checked: Oct 21 at 2:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seeto Realty
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Investment Insights
Based on property information with market context.
The Reserve comprises two buildings with four apartments each, totaling eight units and 5,760 square feet. Every apartment has two bedrooms, one bathroom, a tub-and-shower combination, and laminate or LVP flooring. Kitchens are equipped with a gas range, dishwasher, microwave or vent hood, and refrigerator. Two 75-gallon gas water heaters have been installed, and the property is 100% occupied.
A coin-operated laundry room on site contains two washers and two dryers. The front parking lot and community mailbox serve both buildings. The property is near UNT, with access to I-35.
A coin-operated laundry room on site contains two washers and two dryers. The front parking lot and community mailbox serve both buildings. The property is near UNT, with access to I-35.
Key Highlights
- Eight apartments across two buildings; each unit has 2 bedrooms and 1 bathroom
- 5,760 square feet total
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,587
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,740
$1.8M
Cap Rate 7%
$1,251,243
$1.3M
Cap Rate 9%
$973,189
$973.2K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$178.3K $30.96/SF
− Vacancy
−$19.1K −$3.31/SF
EGI
$159.2K $27.65/SF
− OpEx
−$71.7K −$12.44/SF
NOI
$87.6K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,740
Cap Rate 7%
$1,251,243
Cap Rate 9%
$973,189
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,587 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,973 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-bedroom apartments include in-unit kitchen appliances and access to a shared coin-operated laundry room.
Where is this multifamily property located?
The property is located at A-b-2532 Charlotte St Denton, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Eight apartments across two buildings; each unit has 2 bedrooms and 1 bathroom; 5,760 square feet total; 100% occupied
