Audra Townhomes
Denton, TX
Overview
Summary
- Address 1200-1415 Bayfield Dr. & 1200-1453 Good Ln, Denton, TX 76209
- Price Market
- Year Built Bayfield Dr: 2014 / 2017, Good Ln: 2021
- # Units 118 units + 43 finished lots
- Rentable SF 195,555 SF
- Average Unit Size 1657 SF
Audra Townhomes, a luxurious build-to-rent (BTR) community comprised of 118 townhomes and 43 finished lots in Denton, TX. Completed in multiple phases from 2014, 2017 and 2021, Audra Townhomes offers a variety of three and four-bedroom floor plans, which have been designed to provide the utmost comfort and style for its residents. Each home at Audra is thoughtfully crafted with high-end finishes and modern amenities. From stainless steel appliances to private patios and backyards, every detail has been carefully considered to create a truly upscale living experience. Additionally, in-unit washers and dryers provide added convenience and ease.
Investment Highlights
Stabilized Build-to-Rent (BTR) community consisting of 118 townhomes. Sale includes finished lots with architectural designs and plans for an additional 43 units to be built.
Located in the rapidly expanding, I-35 growth corridor at the point of the Dallas-Ft. Worth triangle.
Situated on the east side in Denton's opportunity zone and surrounded by new commercial development on the south and north side of University Dr., including retail, and office center at the McKinney and Loop-288 intersection.
Both the existing townhomes and finished lots are offered at a significant discount-to-replacement cost.
The first townhomes were delivered ten years ago, providing investors an opportunity to bring to current design standards, and capture a $250+ proven phase II rent differential.
Ancillary revenue opportunities such as continuing washer and dryer appliance rental, implementing a cable and internet package into the first phase, and more.
Offered free and clear of existing debt. A Fannie Mae loan is in-place and can be assumed on Phase I.
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