Documents
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Attributes
Year Built | 1982 |
Building Area Net |
|
Land Area Net |
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Number of units | 200 |
Occupancy | 94.0 % |
Call for Offers | 2022-03-03 |
Asset Description
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Kingswood (the “Property”) a 200-unit value-add asset located in Denton, TX.
Completed in 1982, the Class B community is proximate to Interstate-35E and US 380, providing residents access to several employment centers including, the University of North Texas, Texas Women’s University, Denton Medical District, and Peterbilt Motors HQ. Furthermore, effective rents are seeing an average of 13% growth on the recent trade out report allowing for significant upside to increase rental rates across the rent roll.
Investment Highlights
COMMUNITY FEATURES:
- Sparkling Swimming Pool
- Business Center
- Fitness Center
- Resident Clubhouse
- Ample Greenspace
- Storage Space
- BBQ Grills
- Covered Parking
UNIT FEATURES:
- Stainless Steel Appliances*
- Granite Countertops*
- Tile Backsplash*
- Faux wood flooring*
- 2” Blinds*
- Modern Lighting Package*
- Framed Mirrors in Bath*
- Brushed Nickel Hardware*
- Upgraded Fixtures
- Spacious Walk-In Closets
*In select units