Barbara Martin
DFWREAdvisors Group | HomeSmart Stars
License number: 0599125
phone: 1 (469) 262-5411
 mobile: 1 (469) 230-0481
 https://www.­DFWREAdvisors.­com
2621 Sir Alexander Ln
 Lewisville, TX 75056, United States
Ray Martin
DFWREAdvisors Group | HomeSmart Stars
License number: 0655892
phone: 1 (469) 262-5411
 mobile: 1 (469) 387-7528
 https://www.­DFWREAdvisors.­com
2621 Sir Alexander Ln
 Lewisville, TX 75056, United States
$2,600,000
417 Withers Street, Denton, Texas 76201, USA
MLS#
20865774
Property type
Residential For Sale, Apartment
Land size
0.7 sqft (0.07 m2)
Building Size
18,040 sqft (1,675.9 m2)
Status
Bedrooms
30
Baths
22
Sale price per sqm
0 $
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
Property Details
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:
Parking / Garage
34 Number of parking spaces:
Parking Lot, On Street Parking type:
School Information
Denton ISD School District:
Newton Rayzor Elementary School:
Denton High School:
Calhoun Middle School:

Listing by: Ray Gun Commercial
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