5400 Del Rey Drive

Denton, TX 76208

$1,900,000
Price
—
Beds
1,538 Sq. Ft.
$1,235 / Sq. Ft.
1,538
Sq. Ft.
$1,235
per Sq. Ft.

Description

Very nice 6 unit investment property in a well maintained area. Large spacious units are in good condition with stable tenants. Open living area. Kitchen with island bar and eating area with SS appliances. Half bath down. Stackable washer and dryers. Large master Bedroom down with on suite bathroom. Two car garage. . Close to schools, shopping and two universities UNT and TWU. 5400 Del Rey 3Bedroom 2.5 bathroom, 5404 Del Rey 4bedroom 2.5 bathroom, 5408 Del Rey 4bedroom 2.5 bathroom, 5412 Del Rey...Very nice 6 unit investment property in a well maintained area. Large spacious units are in good condition with stable tenants. Open living area. Kitchen with island bar and eating area with SS appliances. Half bath down. Stackable washer and dryers. Large master Bedroom down with on suite bathroom. Two car garage. . Close to schools, shopping and two universities UNT and TWU. 5400 Del Rey 3Bedroom 2.5 bathroom, 5404 Del Rey 4bedroom 2.5 bathroom, 5408 Del Rey 4bedroom 2.5 bathroom, 5412 Del Rey 4 bedroom 2.5 bathroom, 5416 Del Rey 4bedroom 2.5 bathroom, 5420 Del Rey Drive 3bedroom 2.5 bathroom. ALL units are currently leased. HOA fee $1200 annually for all 6 units
  1. Listed by Syed Ahmed • TREC #0550716 • DHS Realty • 214-606-6796

Property Details for 5400 Del Rey Drive

Subdivision Name
Villages Of Carmel Ph I
HOA Management Company
TBA
Pool
No
Garage Spaces
2
Number Of Parking Spaces
12
LISTING UPDATED: 08/16/2024 05:33 PM

Property Details for 5400 Del Rey Drive

StatusActive
MLS #20663811
Days on Market141
Taxes-
HOA Fees$1,200 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built2014
Lot Size0.08 AC / 3,528 SF
CountyDenton County

Building Information for 5400 Del Rey Drive

Stories2Residences6Year Built2014Building Size-Lot Size0.08 AC / 3,528 SF

Property Information for 5400 Del Rey Drive

Summary
Location and General Information
  • Block: 11
  • Complex Name: Villages Of Carmel
  • Directions: Please use GPS
  • Elementary School: Pecancreek
  • Elementary School Name: Pecancreek
  • High School: Ryan H S
  • High School Name: Ryan H S
  • Middle School: Bettye Myers
  • Year Built Details: Preowned
  • School District: Denton ISD
  • Geocode Confidence: High
  • Latitude: 33.17
  • Longitude: -97.08
  • State: Texas
Parking
  • Garage Length: 20
  • Garage Width: 20
  • Parking Features: Covered, Garage, Garage Door Opener, Garage Faces Rear, Garage Single Door
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: VILLAGES OF CARMEL PH I BLK 11 LOT 12
  • Association Fee Includes: Maintenance Grounds
  • Association Type: Mandatory
  • HOA Management Company Phone: 972-503-1935
  • Association Fee: $1,200.00
  • Association Fee Frequency: Annually
  • Tax Lot: 12
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Heating: Electric
  • Interior Features: High Speed Internet Available, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Siding
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 6
  • Patio And Porch Features: Patio
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water, Individual Water Meter
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Features: Corner Lot, Interior Lot, Landscaped, Sprinkler System, Subdivision
  • Lot Size Acres: 0.081
  • Lot Size Area: 0.081
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3528.36
  • Multi Parcel ID: No
  • Parcel Number: R285452
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 4.59%
  • Gross Annual Expenses: $40,000
  • Gross Annual Income: $136,800
  • Insurance Expense: $9,500
  • Tenancy: Over 9 Months, Pets Allowed
  • Net Operation Income: $87,300.00
Unit 1
  • Approximate SQFT: 1800.0
  • Average Lease Amount: $2,000.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1800.0
  • Average Lease Amount: $2,000.00
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 1800.0
  • Average Lease Amount: $2,000.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 4
  • Approximate SQFT: 1800.0
  • Average Lease Amount: $2,000.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 5
  • Approximate SQFT: 1540.0
  • Average Lease Amount: $1,700.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 6
  • Approximate SQFT: 1540.0
  • Average Lease Amount: $1,700.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 5400 Del Rey Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5400 Del Rey Drive

Taxable ValueLand$45,945Additions$280,124Total$326,069
Tax Record2023$6,226 ($519 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories2Lot Size3,537 SqFtStyleTownhouseYear Built2014CountyDENTONAPNR285452Fireplace TypeHas Fireplace

Schools near 5400 Del Rey Drive

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 - 2 to 12
Rating
School
Distance
Pecan Creek Elementary School
PublicPK to 5

Bettye Myers Middle School
Public6 to 8

Ryan High School
Public9 to 12

Lester Davis School
Public2 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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5400 Del Rey Drive is a multi-family home for sale in Denton, TX 76208. This property was listed for sale on July 2, 2024 by DHS Realty, it's currently listed at $1,900,000. It has been on the market for a total of 141 days and was last sold on February 12, 2021. This listing's school district is Denton Independent School District. Nearby schools include Pecan Creek Elementary School, Bettye Myers Middle School and Ryan High School. 5400 Del Rey Drive is a 0-bed, 0-bath, 1,538 sqft multi-family home built in 2014.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DHS Realty, Syed Ahmed

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