BEDS32
BATHS16 full
MLS#21286063
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDEMOYE MAGNOLIA ADDITION
SCHOOLAubrey ISD
Property Description
A Shovel-Ready Multifamily Parcel. An entitled 1.63-acre multifamily development site situated in one of North Texas's fastest-growing suburban markets. This parcel — Lot 6, Block A of the De Moye-Magnolia Addition — arrives with City-approved Planned Development zoning designating it for multifamily residential use, entitling a developer to build up to 16 dwelling units without additional zoning action. Updated civil plans included in sale. Begin permitting and construction immediately upon closing. At $399,900 for 16 approved units, land cost per door is $25K - among the lowest available for entitled multifamily in Denton County. All 16 units are approved as 2-bedroom dwellings—maybe the most in-demand unit type in suburban rental markets. Construction materials and fencing TBD.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Natural Gas
Lot Size: 1.63 Acres
Roof Type: Composition
Year Built: 2026
Amenities
Other
Feature Descriptions
Appliances: None
Days on Site: 2
Exterior: See Remarks
Fencing: Wood
Flooring: See Remarks
Lot: Acreage, Level
Lot Dimensions: 0
Parcel#: R982282
Parking: Assigned, Open
Parking Notes: Assigned, Open
Units: 16
Utilities: City Sewer, City Water
Local Schools
Elementary School: Pete and Myra West
School District: Aubrey ISD
Listed By / Shown By
Listed By
Agency Name: Listing Results, LLC
Agency Contact: 817-283-5134
Agent Name: Jack McLemore
Shown By
Agency Title: Beacon Real Estate
Agency Phone: 682-559-0161
Estimate Your Payment
Estimated Payment
$ 1,795.15 per month $1,678.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.64 Homeowner's Insurance