1717 Locust, Denton, Texas

Description

Consider this the centerpiece of your new North Locust Street portfolio! (See other listings: 804, 810, 1013, and 2425 N. Locust. Selling as portfolio only).

L. W. Killian purchased this lot in 1967 to build a quiet gated community for friends and family to retire into. Three generations of Killians have lived here since, electing to call it Chateau D’or somewhere along the way. Owners live in the sizable front two units and have owned a local property management company for decades. They are getting out of the business and are moving away from Denton to join their growing family!

This property is the best of both worlds. Lease out all seven units or enjoy the comfort of living in one of the private front units while offsetting expenses. Unit 1 has a private outside bar and patio, greenhouse, sunroom, and a bonus room accessible through the master that can be used as an office, study, or nursery. Unit 2 also has a private patio, the covered portion of which has electricity for a ceiling fan, TV, and hanging accent lights. The owners have considered enclosing the covered breezeway between Units 1 and 2 to combine them into one unit. Both units have incredible kitchen storage, huge walk-in closets, and washer & dryer connections.

Fourplex: These two-bedroom, one bath units have been updated with LVF and granite countertops in the kitchens and bath. Each unit enjoys four closets, tons of storage in their eat-in-kitchens, and the two upstairs units have window boxes for extra storage.

Efficiency: This unit can be used as onsite office (and has been used that way in the past). Window unit cooling, gas heating and gas range, new countertops, sinks, and faucets, and subway tile backsplash.

Amenities: Private pool, coin-operated laundry room, covered parking, all-bills-paid units, CCTV and automatic watering.

While this property has been cared for, there are many ways to improve the property to justify rent increases.

Directions: GPS. Please park in the front. The parking spaces in the back are all reserved for tenants.