Loft on Louise | 2504 Louise St
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Loft on Louise 2504 Louise St
15 Unit Apartment Building For Sale Denton, TX 76201
Investment Highlights
- Within 1 mile of UNT
- 100% occupied as of September 2024
- Fully renovated units
Executive Summary
Heavily renovated property within 1 mile of the University of North Texas. The current ownership has spent over $160k in capital improvements, updates include: wall-to-wall waterproof vinyl flooring, stainless-steel appliances, subway-style kitchen backsplashes, updated cabinets with new fixtures and fresh paint throughout. Updates also include new interior doors, trim and baseboards. The bathrooms were updated with new tubs, wraparound tile, shower fixtures and vanities with new fixtures.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 15 | Building Size | 11,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1964/2023 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 1.13/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,446 CAD | 534 |
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PROPERTY TAXES
| Parcel Number | R26031 | Total Assessment | $1,059,934 CAD |
| Land Assessment | $324,235 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $735,699 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R26031
Land Assessment
$324,235 CAD
Improvements Assessment
$735,699 CAD
Total Assessment
$1,059,934 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | Downtown Residential 2 |
| Downtown Residential 2 |
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Presented by
Ahmeti Realty Group
Loft on Louise | 2504 Louise St
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