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31110776
31110785

101 Bonnie Brae St, Denton, TX 76201

JA
TX 0470676
Ahmeti Realty Group, LLC
Listed by Ahmeti Realty Group, LLC
$4,400,000
79 days on market
Updated 79 days ago

Bonnie Green

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,920
Net Rentable (SqFt) 29,920
Units 41
Cap Rate 6.53%
NOI $287,278
Occupancy 88%
Price per SqFt $147
Class C
Year Built 1982
Buildings 11
Stories 2
Acreage 1.742
Investment Type Stabilized
Ownership Fee Simple

Bonnie Green Apartments - 41 units, Denton, TX

Marketing description

Bonnie Green Apartments is a 41-unit multifamily asset in the heart of Denton, Texas, offering investors a stabilized asset near UNT, TWU, major employers, and the UNT bus line. The property consists of 10 two-story buildings totaling 29,920 net rentable square feet on 1.742 acres and features a mix of 24 one-bedroom units, 16 two-bedroom units, and one oversized two-bedroom unit. With current average rents of approximately $1,000 for one-bedrooms and $1,300 to $1,400 for two-bedrooms, plus 90% occupancy, Bonnie Green offers in-place income with upside through continued stabilization and operational improvement. Bonnie Green may be purchased on a stand-alone basis or together with the nearby Cluster Apartments as part of a 98-unit portfolio offering.

Listing Contacts

JA
TX 0470676
Ahmeti Realty Group, LLC
Listed by Ahmeti Realty Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$287,278.00
$23,939.83/mo

Valuation Metrics

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DSCR
6.53%
Cap Rate
6.53%
ROI

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