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(469) 797-4003
Christy Simington | REALTOR® | Coldwell Banker Apex, REALTORS®
417 Withers St, Denton, TX 76201
- $?
- 30
- BD
- 22
- BA
- Sold Price
- $?
- List Price
- $2,600,000
- Closing Date
- Feb 13, 2026
- MLS#
- 20865774
- Status
- CLOSED
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1985
- Construction Status
- Preowned
- Bedrooms
- 30
- Full Baths
- 22
- Acres
- 0.70
- County
- Denton
- City
- Denton
- Subdivision
- Industrial School
- Building Name
- La Maureta Apartments
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
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Additional Information
- Lot Size
- 30,492
- Acres
- 0.70
- Interior Features
- Other
- Flooring
- Carpet, Vinyl
- Foundation
- Slab
- Roof
- Shingle
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Paved, Parking Lot, On Street
- School District
- Denton Isd
- Elementary School
- Newton Rayzor
- Middle School
- Calhoun
- High School
- Denton
- Possession
- CloseOfEscrow
- Community Features
- Curbs, Sidewalks
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Listing courtesy of Steven Geis from Ray Gun Commercial. Contact:
Selling Office: Dynamic Real Estate Group.
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
Last updated: