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
AVG $1.03M
$4.24M
Taxes
AVG $13,429
$52,576
Visits
AVG 46
130
Data Provided by Inside Real Estate®
Year Built
AVG 1950
1963

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