1985 Year Built:

Building or Complex name: La Maureta Apartments Location:

Brick Construction:

Resale Condition:

Refrigerator, Dishwasher, Cooktop - Electric, Oven-Electric, Disposal, Washer, Dryer Appliances:

Carpet, vinyl Floors:

city water, City sewer, Master Water Meter Utilities:

Central, Electric Heating System:

Central, Electric, Ceiling Fan Cooling System:

Sidewalks, Curbs Lot Description:

On Slab Basement and Foundation:

shingle Roofing:

34 Number of parking spaces:

Parking Lot, On Street Parking type:

307 School District:

Newton Rayzor Elementary School:

Denton High School:

Calhoun Middle School:

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