1219 Scripture St, Denton, TX 76201

Value-Add investment property with potential for growth that includes a duplex with two cottage unit rentals in back within walking distance to the University of North Texas and the popular Fry St. area restaurants & bars. Plenty of upside with continuing renovations, this property could become a great addition to your investment portfolio. The owner has put in approximately $40k in capital improvements in the last two years with more rental upside potential through renovating the exterior and continuing to update interiors. Units 1221 and 1223 had extensive interior renovations in the past. Property has historically strong occupancy. Work was being done on one of the units so has been vacant for the past few months. This location attracts both student and non-student tenants. Current rents range from $800-1,075. Owner pays for common area lighting and water for two of the units. Rent roll and financials are in the OM attached to this listing. NO SELLER FINANCING AVAILABLE.nnProperty Summary:nnDuplex (units 1219 and 1219.5):nWasher and dryer hookups in each unit.nTenants are responsible for paying their own utilities for unit 1219. Owner pays water for unit 1219.5.nTenant pays electricity.nUnit 1219 is approx. 744 SF. Unit 1219.5 is approx. 680 SF.nnTwo Free-Standing Single Unit Rentals (1221 and 1223):nTenants pay electricity and water for unit 1221.nFor unit 1223, tenant pays electricity. Owner pays water.nUnit 1221 has washer and dryer for tenant convenience.nUnit 1221 is