2217 W Prairie St

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2217 W Prairie St

Denton, TX 76201
Asking Price
$389K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 2217 W Prairie St, this multifamily property is situated in the heart of Denton’s academic corridor, directly adjacent to the University of North Texas campus. The surrounding neighborhood is characterized by a high concentration of student housing, casual dining, and retail centers catering to the university community. Residents have immediate pedestrian access to campus facilities and the University Union. The location is served by the DCTA bus system and is approximately two miles from the historic Denton Square, providing convenient connectivity to the city’s primary entertainment and transportation hubs. The asset is positioned primarily for student housing or faculty-oriented residential use. Its proximity to campus makes it an ideal fit for developers or investors targeting the steady demand of the university’s growing enrollment. The typical tenant profile consists of university students, researchers, and staff seeking a walkable commute and centralized access to administrative buildings. The property offers utility for those focused on high-occupancy density within a walkable urban campus environment.

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NOI
$80,000
Cap Rate
20.57%
DSCR
3.46
Strong
Cash-on-Cash
48.76%
Monthly Payment
$1,924.56
Annual Cash Flow
$56,905.283

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