Property Details
Request more information
ANGELA MCCOWEN
phone: 1 (972) 8508257
AMCDALLASREALES­TATE.COM
Name:
E-mail:
Phone:
Your Message:
2320 Prairie Street, Denton, Texas 76201, USA
List Price: $3,995,000
Sale price per sqm: 0 $
Status: ACT
MLS#: 20934069
Property type: Residential For Sale, Apartment
Land size: 0.76 sqft (0.07 m2)
Building Size: 23,536 sqft (2,186.5 m2)
Rooms
  • 59 bedrooms
Property Details
1974 Year Built:
Building or Complex name: Center Stage Apartments Location:
Fiber Cement Construction:
Stucco Exterior Description:
Resale Condition:
Refrigerator, Dishwasher, Microwave Appliances:
city water, City sewer, Underground Utilities, Master Gas Meter, Master Water Meter, Overhead Utilities Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
Broadband internet access Telecommunication:
Curbs Lot Description:
On Slab Basement and Foundation:
Flat Roof type:
Parking / Garage
45 Number of parking spaces:
On Street Parking type:
School Information
Denton ISD School District:
Newton Rayzor Elementary School:
Denton High School:
Calhoun Middle School:
Remarks
Value-Add Multifamily Within Walking Distance to University of North Texas. Center Stage Apartments is a 31-unit multifamily asset located within walking distance of the University of North Texas and just half a mile from the vibrant Fry Street district—home to Denton’s most popular bars, restaurants, and retail. This prime location offers built-in rental demand from both students and young professionals. Originally built in 1974, the property underwent moderate renovations in 2016–2017, with approximately $400,000 in capital improvements. Upgrades included replacing all the AC condensers and air handlers, new in-unit and main electrical panels (all brought up to code), stainless steel kitchen appliances, hardwired smoke detectors, and LVT flooring throughout. Select units received new cabinets, and all units were updated with modern bathroom fixtures, lighting, and new shower and tub combos. Exterior enhancements included new siding, windows, rebuilt concrete staircases, and a commercial-grade 199,000 BTU water heater installed around 2021. The roof is estimated to have been replaced around 2014. The property also features an on-site laundry facility with owned machines (3 washers, 3 dryers). There is additional upside through cosmetic and operational improvements. Resurfacing the parking lot and installing a large-scale mural wrap would enhance curb appeal. Implementing a RUBS utility billing system to recover water, gas, and trash expenses offers immediate value-add potential through increased NOI. Denton’s rental market continues to outperform, driven by explosive population growth - over 16.29% in just the last four years and 40% since 2010. Demand is further underpinned by the 65,000+ students enrolled at the University of North Texas and Texas Woman’s University, ensuring consistent occupancy and long-term rental strength.


Listing by: Ray Gun Commercial

The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright © NTREIS 2025. All Rights Reserved.


   Immobel

Agent Only


Texas Real Estate Commission Information About Brokerage Services | Texas Real Estate Commission Consumer Protection Notice