411 Ponder Avenue

Denton, TX 76201

$4,235,000
Price
Beds
15,200 Sq. Ft.
$279 / Sq. Ft.
15,200
Sq. Ft.
$279
per Sq. Ft.

Description

Prime location just two blocks from the University of North Texas, The Vine on Ponder St offers a strong investment opportunity. Major recent renovations include exterior paint, interior paint, modern flooring, exquisite finishes, newly fenced patios, and new stainless appliances. The complex consists of 2 buildings, housing 35 units. Units range from studio, to 1 bed 1 bath, to 2 bed 1.5 bath. Parking is located in between both buildings. This complex presents major potential, as market rents show...Prime location just two blocks from the University of North Texas, The Vine on Ponder St offers a strong investment opportunity. Major recent renovations include exterior paint, interior paint, modern flooring, exquisite finishes, newly fenced patios, and new stainless appliances. The complex consists of 2 buildings, housing 35 units. Units range from studio, to 1 bed 1 bath, to 2 bed 1.5 bath. Parking is located in between both buildings. This complex presents major potential, as market rents show room for growth. Property could also thrive with a stronger online presence. Don’t miss out on this wonderful investment opportunity!
  1. Listed by Cristal Gonzalez • TREC #0644858 • Briggs Freeman Sotheby's Int'l • 214-350-0400
  2. Listed by Benjamin Jimenez • TREC #0784675 • Briggs Freeman Sotheby's Int'l

Property Details for 411 Ponder Avenue

Subdivision Name
Ponder Add
Pool
No
Number Of Parking Spaces
50

Location

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez
Add your commute
LISTING UPDATED: 03/08/2024 11:39 AM

Property Details for 411 Ponder Avenue

StatusActive
MLS #20487677
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1963
Lot Size0.59 AC / 25,787 SF
CountyDenton County

Location

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez
Add your commute

Building Information for 411 Ponder Avenue

Stories2Residences35Year Built1963Building Size-Lot Size0.59 AC / 25,787 SF

Payment Calculator

$25,379 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,112

Property Taxes

$2,267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 411 Ponder Avenue

Summary
Location and General Information
  • Complex Name: VINE APARTMENTS LLC
  • Directions: Use GPS
  • Elementary School: EP Rayzor
  • Elementary School Name: EP Rayzor
  • High School: Denton
  • High School Name: Denton
  • Middle School: Calhoun
  • Year Built Details: Preowned
  • School District: Denton ISD
  • Geocode Confidence: High
  • Latitude: 33.22
  • Longitude: -97.15
  • State: Texas
Parking
  • Parking Features: Asphalt, Guest
Taxes and HOA Information
  • Tax Legal Description: PONDER ADDN LOT 12(S1/2),13(N1/2) LOT 12(S1/2
  • Association Type: None
  • Tax Lot: 12
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate
  • Heating: Central, Heat Pump
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
  • Cooling: Central Air, Other
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 35
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water, Co-op Electric
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.592
  • Lot Size Area: 0.592
  • Lot Size Units: Acres
  • Lot Size Square Feet: 25787.52
  • Multi Parcel ID: No
  • Parcel Number: R39455
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 2.12%
  • Gross Annual Expenses: $244,016
  • Gross Annual Income: $190,271
  • Insurance Expense: $46,537
  • Tenancy: Over 9 Months
  • Net Operation Income: $89,911.00
Unit 1
  • Approximate SQFT: 396.0
  • Average Lease Amount: $800.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: Efficiency
  • Unit Type Units Total: 11
Unit 2
  • Approximate SQFT: 950.0
  • Average Lease Amount: $1,200.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 16
Unit 3
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 2.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 2
Unit 4
  • Approximate SQFT: 1229.0
  • Average Lease Amount: $1,450.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 2.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 8

Property History for 411 Ponder Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 411 Ponder Avenue

Taxable ValueLand$387,000Additions$1,038,000Total$1,425,000
Tax Record2023$27,208 ($2,267 / month)
Home Facts
Total Finished SqFt15,200 SqFtAbove Grade Finished SqFt15,200 SqFtStories2Lot Size25,801 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1975Zoning22ACountyDENTONAPNR39455

Schools near 411 Ponder Avenue

This home is within Denton Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Newton Rayzor Elementary School
PublicPK to 5

Calhoun Middle School
Public6 to 8

Denton High School
Public9 to 12

Lester Davis School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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411 Ponder Avenue is a multi-family home for sale in Denton, TX 76201. This property was listed for sale on December 4, 2023 by Briggs Freeman Sotheby's Int'l, it's currently listed at $4,235,000. This listing's school district is Denton Independent School District. Nearby schools include Newton Rayzor Elementary School, Calhoun Middle School and Denton High School. 411 Ponder Avenue is a 0-bed, 0-bath, 15,200 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Briggs Freeman Sotheby's Int'l, Cristal Gonzalez; Briggs Freeman Sotheby's Int'l, Benjamin Jimenez

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