
Courtesy of: Jack McLemore, Listing Results, LLC, jm@whymls.com
$399,900
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32 bed
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16.00 Bath (16 Full)
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Lot: 1.63 Acres
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Other
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$399,900
De Moye Lane 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.
Courtesy of: Jack McLemore, Listing Results, LLC, jm@whymls.com
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