5280 Atwell Ln, Denton, TX 76208

List Price
$1,400,000
MLS#
21391558
Status
ACTIVE
Type
Multifamily
Subtype
ResidentialIncome
Year Built
1986
Construction Status
Preowned
Bedrooms
14
Full Baths
10
Acres
1.03
County
Denton
City
Denton
Subdivision
Reed Camp
Building Name
The Atwells

Property Description

Welcome to The Porches, a one-of-a-kind lakefront residential community offering outstanding income-producing potential on just over one acre outside city limits with no HOA. This unique property features eight residences: two three-bedroom, two-bath homes; two two-bedroom, one bath homes, including one with a wraparound porch accessible from the primary bedroom; and four charming one-bedroom, one-bath cottages. Each residence offers an inviting covered porch, creating a welcoming and cohesive community atmosphere. Backing to U.S. Army Corps of Engineers land, the property provides scenic lake views and convenient walking access to the water for fishing and outdoor recreation. The fully fenced and gated community is equipped with security cameras and monitoring equipment, offering tenants added privacy and peace of mind. The property is served by two city water meters and also includes a private well used for lawn irrigation. An on-site storage container provides convenient space for the owner’s lawn equipment and maintenance supplies. With additional room to add another cottage, “The Porches” presents a rare opportunity to own an established lakefront community with both immediate income potential and room for future growth.

Additional Information

Unexempt Taxes
$853
Lot Size
44,997
Acres
1.03
Lot Description
Backs To Greenbelt Park, Greenbelt, Few Trees, Waterfront
Interior Features
Eat-In Kitchen, High Speed Internet, Vaulted/Cathedral Ceilings
Flooring
Carpet, Vinyl
Foundation
Pillar/Post/Pier
Roof
Metal
Stories
1
Pool Features
None
Exterior
Storage
Garage Spaces
4
Carport Spaces
6
Parking Garage
Carport
School District
Denton Isd
Elementary School
Hodge
Middle School
Bettye Myers
High School
Ryan H S
Possession
CloseOfEscrow, Negotiable
Community Features
Gated

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Leslie Schmidtke from INC Realty, LLC. Contact: 940-367-6596

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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