Contacts
GREA
GREA
Property Details
- Property Type Other
- Property Size 15,848 SF
- Units 18
- Date Updated Jun 8, 2025
The Sycamore & Mulberry portfolio offers a compelling opportunity to acquire two well-located multifamily assets totaling 18 units, situated just one block from the University of North Texas (UNT) in Denton, TX. With over 45,000 students and growing, UNT is Texas’ 4th largest university campus and a major economic engine driving strong, consistent rental demand. The properties’ prime location—within walking distance to campus and the Fry Street entertainment district—makes them highly desirable to both students and young professionals.
Both Sycamore Place (10 units) and Mulberry Place (8 units) were built in 1986 and feature sturdy brick-veneered wood-frame construction with pitched roofs. The portfolio consists primarily of spacious two-bedroom units, including townhome-style 2BR/1.5BA layouts at Mulberry, which appeal to residents seeking privacy and functionality.
The assets have maintained historical 100% occupancy, underscoring the enduring demand in this high-absorption submarket. With rents currently below market, a new owner can implement light value-add improvements—including cosmetic interior updates, reserved parking monetization, and operational efficiencies—to unlock meaningful upside and drive NOI.
This offering presents a rare opportunity to acquire two stabilized, walkable assets in the core of Denton’s student housing corridor, backed by strong fundamentals, proven occupancy, and long-term growth potential.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Desirable Unit Features: Units include in-unit washer/dryers, galley kitchens, and select fenced-in patiosenhancing resident satisfaction and renewal rates.
- Prime Location & Walkability: Located just one block from the University of North Texas, with easy access to Fry Street and Denton Square, offering unmatched walkability and strong tenant appeal.
- Strong Operating History: Built in 1986, both properties have maintained 100% occupancy, driven by consistent demand from students, young professionals, and long-term tenants.
- Trusted UNT Housing Option: Featured on UNTs official Off-Campus Housing Source, ensuring strong visibility and continuous leasing activity.
- Value-Add Potential: Current rents trail the market by 78%. Light unit upgrades, tech packages, and ancillary income streams could add $20K$25K in annual NOI.
Getting around
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81/100
Walk Score ®
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55/100
Transit Score ®
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70/100
Bike Score ®
Location
- City Denton, TX
- Neighborhood Downtown Denton
- Zip Code 76201
- Market Dallas Fort Worth
Points of Interest
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MedPark
3.58 miles
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Midway Mart
0.24 miles
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Rapido
0.47 miles
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7-Eleven
0.48 miles
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QuikTrip
0.54 miles
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Shell
0.83 miles
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Chevron
0.86 miles
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RaceTrac
0.93 miles
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Clean Energy
1.07 miles
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Valero
1.08 miles
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Denton Supercharger
1.97 miles
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Lot 57
0.08 miles
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Lot 56
0.11 miles
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Lot 53
0.12 miles
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Lot 55
0.15 miles
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Lot 54
0.18 miles
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Lot 50
0.26 miles
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Union Circle Garage
0.29 miles
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Lot 39
0.30 miles
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Lot 40
0.30 miles
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Union Circle Parking
0.32 miles
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Studio 6
1.01 miles
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SpringHill Suites
1.14 miles
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Clayton Motel
1.14 miles
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Deluxe Inn
1.16 miles
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Hampton Inn & Suites Denton
1.33 miles
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Super 8 by Wyndham
1.66 miles
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Economy Inn & Suites
1.79 miles
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Embassy Suites
1.80 miles
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Quality Inn & Suites
1.89 miles
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Best Western Plus Denton Inn & Suites
2.23 miles
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La Azteca Meat Market
1.21 miles
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Kroger
1.32 miles
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Natural Grocers
1.38 miles
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ALDI
1.41 miles
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La Michoacana Meat Market
1.45 miles
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Albertsons
1.68 miles
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WinCo Foods
1.84 miles
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Marshall's
1.84 miles
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Kohl's
1.89 miles
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Ross
1.91 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
