About 411 Ponder Street
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!
Features of 411 Ponder Street
MLS® # | 20487677 |
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Price | $4,235,000 |
Units | 35 |
Building Area Total | 15,200 |
Acres | 0.59 |
Year Built | 1963 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Active |
Community Information
Address | 411 Ponder Street |
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Subdivision | Ponder Add |
City | Denton |
County | Denton |
State | TX |
Zip Code | 76201-0150 |
Amenities
Utilities | City Sewer, City Water, Co-op Electric |
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Parking Spaces | 50 |
Garages | Asphalt, Guest |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Cable TV Available, High Speed Internet Available |
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Heating | Central, Heat Pump |
Fireplace | No |
Exterior
Roof | Composition |
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Construction | Brick |
Foundation | Slab |
School Information
District | Denton ISD |
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Elementary | EP Rayzor |
Middle | Calhoun |
High | Denton |
Additional Information
Net Operation Income | $89,911 |
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Gross Annual Income | $339,507 |
Gross Annual Expenses | $223,143 |
Insurance Expense | $48,570 |
CapitalizationRate | 2.12 |
Unit 1 Details
Type | Efficiency |
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Full Baths | 1 |
Rent | $800 |
SqFt | 396 |
Unit 2 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $1,300 |
SqFt | 950 |
Unit 3 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Half Baths | 1 |
Rent | $975 |
Unit 4 Details
Type | 2 Bedroom |
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Full Baths | 1 |
Half Baths | 1 |
Rent | $1,300 |
SqFt | 1,229 |
Listing Details
Agent | Cristal Gonzalez |
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Office | Briggs Freeman Sotheby's Int'l |