30 Beds
22 Baths
18,040 SqFt
30 Beds
22 Baths
18,040 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 18,040 sqft
Price per Sqft $144
Subdivision Industrial School
MLS Listing ID 20865774
Bedrooms 30
Full Baths 22
HOA Y/N No
Year Built 1985
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Apartment
Property Description
La Maureta Apartments is a 22-unit multifamily property ideally located just half a block from Texas Woman's University (TWU) and within walking distance to historic downtown Denton, offering excellent visibility and accessibility. With easy access to Loop 288, University Drive (US-377) and Denton transit stations, the property is well-positioned to attract a diverse tenant base, including students, young professionals and families. Additionally, La Maureta benefits from its direct proximity to the 32-acre Quakertown Park, a popular recreational space featuring walking paths, sports courts and an aquatic center.
Denton's strong rental market is fueled by its rapid population growth, over 16.29% in the last four years and 40% since 2010, as well as the presence of major educational institutions, TWU and the University of North Texas (UNT), which enroll over 65,000 students combined.
La Maureta offers a value-add opportunity with significant upside potential. Modernizing the units with wood plank-style vinyl flooring, stainless steel appliances and premium counter tops can drive rental increases, potentially boosting income by approximately $35,000 annually and adding $500K in property value at a 7% cap rate. Further revenue streams could be unlocked through adding covered parking spaces for an estimated $20-$30 per month per space and implementing a water conservation program potentially reducing utility expenses by 20-50% annually.
• Value Add Opportunity
• Potentially Add Carports for Additional Income
• Implement Water Conservation Program
• Half Block from Texas Woman's University
• Great Visibility on Heavily Traveled Route to TWU
• Within Walking Distance to Historic Downtown Denton
• Easy Access to Loop 288 & University Dr. (US-377)
• Strong Rental Market
• Significant Population Growth
Location
State TX
County Denton
Community Curbs, Sidewalks
Direction Easy to find with GPS.
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Carpet, Vinyl
Fireplace No
Appliance Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Refrigerator, Washer
Exterior
Parking Features Concrete, Parking Lot, On Street
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Shingle
Street Surface Asphalt
Total Parking Spaces 34
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Newton Rayzor
Middle Schools Calhoun
High Schools Denton
School District Denton Isd
Others
Senior Community No
Tax ID R108620
Security Features Fire Alarm,Smoke Detector(s)
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