1. Texas
2. Denton
3. 417 Withers Street

417 Withers Street, Denton, TX 76201

• 30 beds |
• 22 baths |
• 18,040 sqft

Property Description

PRiCE REDUCED TO $2,600,000. La Maureta Apartments is a 22-unit multifamily property ideally located just half a block from Texas Woman’s University (TWU) and within walking distance to historic downtown Denton, offering excellent visibility and accessibility. With easy access to Loop 288, University Drive (US-377) and Denton transit stations, the property is well-positioned to attract a diverse tenant base, including students, young professionals and families. Additionally, La Maureta benefits from its direct proximity to the 32-acre Quakertown Park, a popular recreational space featuring walking paths, sports courts and an aquatic center. Denton’s strong rental market is fueled by its rapid population growth, over 16.29% in the last four years and 40% since 2010, as well as the presence of major educational institutions, TWU and the University of North Texas (UNT), which enroll over 65,000 students combined. La Maureta offers a value-add opportunity with significant upside potential. Modernizing the units with wood plank-style vinyl flooring, stainless steel appliances and premium counter tops can drive rental increases, potentially boosting income by approximately $35,000 annually and adding $500K in property value at a 7% cap rate. Further revenue streams could be unlocked through adding covered parking spaces for an estimated $20-$30 per month per space and implementing a water conservation program potentially reducing utility expenses by 20-50% annually. • Value Add Opportunity • Potentially Add Carports for Additional Income • Implement Water Conservation Program • Half Block from Texas Woman's University • Great Visibility on Heavily Traveled Route to TWU • Within Walking Distance to Historic Downtown Denton • Easy Access to Loop 288 & University Dr. (US-377) • Strong Rental Market • Significant Population Growth

Listing Status:

Active

Listing Office:

Ray Gun Commercial : (940) 368-5559

Listing Agent:

Steven Geis :

MLS ID:

20865774

Interior

• General: Other
• Appliances: DryerDishwasherElectric CooktopElectric OvenElectric Water HeaterDisposalRefrigeratorWasher
• Flooring: CarpetVinyl
• A/C: Central AirCeiling Fan(s)Electric
• Heating: CentralElectric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Steven Geis, Ray Gun Commercial