Lana

Denton, TX

Info For Buyers

Overview

Summary

Address 521 E Windsor Dr. Denton, TX 76209
Price Market
Year Built 1981
# Units 116
Rentable SF 87,792 SF
Average Effective Rent $1177

Lana Apartments at 521 East Windsor Drive is situated in the northeastern portion of Denton, and close proximity to Texas Women’s University. Lana is a recently remodeled 116-unit multifamily community with a total building area of 84,422 square feet and an average unit size of 756 square feet. The two-story, garden-style property features well-equipped one- and two-bedroom apartment homes with central heating and air conditioning, wood-look flooring, and contemporary kitchens and bathrooms.

Lana can be purchased individually or as a portfolio with Aspire.

Investment Highlights

Three Owners over Four Decades: Maintained by just three owners over 40 years, this property combines stability, meticulous care, and easy management, making it a highly attractive investment.

Proximate to Substantial Economic Drivers: Denton is perfectly located where I-35W and I-35E (the "Growth Corridor") converge, at the northern point of the Dallas-Ft. Worth triangle. The property is centrally located within Denton, so it's minutes away from Denton's top employers and attractions.

Virtually No Deferred Maintenance: Current ownership invested over $1.2M into improving the exteriors, amenities, and providing upside on interior enhancments. Ultimately, allowing new ownership to drive top-line revenue.

Proven Premium Level Upgrades: Ownership is achieving a rental lift on premium level units consisting of black appliances, granite countertops, washer and dryer connections, bathroom vanities and tile surround, and more.

Immediate Revenue Generators Available: There is demand for amenities such as package lockers, valet trash, backyard spaces, fitness center, grill stations, and more.

Attractive Financing Available: Nonrecourse agency financing is available with flexible prepayment penalty structures.