Loading
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

...
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
Open
Closed