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INVEST
Apartments
SEC Stewart RD & Loop 288
Executive Summary
This apartment project is fantastically located along Loop 288, with quick access anywhere in the city. The City of Denton has been growing significantly with no sign of slowing down. It’s home to several universities and a rapidly expanding economic presence in North Texas.
Unit Amenities
Unit Mix Information
Financial Summary (Pro Forma - 2020)
1 bed units: 16 - Rent: $1050 - Total Monthly Income: $16,800
2 bed units: 24 - Rent: $1450 - Total Monthly Income: $34, 800
Utility Share Fee: 40 - Rent: $25 - Total Monthly Income: $1,000
Technology Package: 40 - Rent: $35 - Total Monthly Income: $1400
Pet Fee: 10 - Rent $35 - Total Monthly Income: $350
Late Fees: 3% - Total Monthly Income $1548
Expense Ratio (Includes Vacancy): 30.00%
Vacancy: 5.00%
Annual NOI: $482,437
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Apartments
$TBT
Shares Available TBT
288DTX-101
%TBT
- Number of buildings: 1
- Units: 40
- Apartments Mix: 24 Two Bed Two Bath, 16 One Bed One Bath
- Total SQFT: 41,808
- Apartment Units SQFT: 40
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