1. Texas
2. Denton
3. 1219 Scripture Street

1219 Scripture Street, Denton, TX 76201

• 4 beds |
• 4 baths |
• 2,280 sqft

Property Description

Value-Add investment property with potential for growth that includes a duplex with two cottage unit rentals in back within walking distance to the University of North Texas and the popular Fry St. area restaurants & bars. Plenty of upside with continuing renovations, this property could become a great addition to your investment portfolio. The owner has put in approximately $40k in capital improvements in the last two years with more rental upside potential through renovating the exterior and continuing to update interiors. Units 1221 and 1223 had extensive interior renovations in the past. Property has historically strong occupancy. Work was being done on one of the units so has been vacant for the past few months. This location attracts both student and non-student tenants. Current rents range from $800-1,075. Owner pays for common area lighting and water for two of the units. Rent roll and financials are in the OM attached to this listing. NO SELLER FINANCING AVAILABLE. Property Summary: Duplex (units 1219 and 1219.5): Washer and dryer hookups in each unit. Tenants are responsible for paying their own utilities for unit 1219. Owner pays water for unit 1219.5. Tenant pays electricity. Unit 1219 is approx. 744 SF. Unit 1219.5 is approx. 680 SF. Two Free-Standing Single Unit Rentals (1221 and 1223): Tenants pay electricity and water for unit 1221. For unit 1223, tenant pays electricity. Owner pays water. Unit 1221 has washer and dryer for tenant convenience. Unit 1221 is approx. 504 SF and Unit 1223 is approx. 384 SF. Walkable to University of North Texas, Downtown Denton, Fry Street and Public Transportation Textbook Small Value-Add Investment Property for Increased Rental Income Through Continued Renovations Strong Historical Occupancy Ideally Suited for Both Students and Professionals Denton’s Rental Market Is Booming, with UNT’s 50,000+ Students & Strong Professional Workforce Driving Demand

Listing Status:

Active

Listing Office:

Ray Gun Commercial : (940) 368-5559

Listing Agent:

Steven Geis :

MLS ID:

20971889

Interior

• General: Loft
• Appliances: Electric RangeGas Water HeaterRefrigerator
• Flooring: Luxury Vinyl Plank
• A/C: Window Unit(s)
• Heating: Wall Furnace
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Steven Geis, Ray Gun Commercial