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Property Details:

County or Parish
Denton
Lot Size
Less Than .5 Acre (not Zero)
Lot Size (Acres)
0.2810
Lot Size Area
0.2810
Lot Size (Square Feet)
12240.3600
Association Type
None
Restrictions
Unknown Encumbrance(s)
Zoning Description
No known restrictions

School Information:

School District
Denton ISD
Elementary School
Hodge
Middle School
Strickland
High School
Ryan H S

Exterior Information:

Lot Features
Cleared,Interior Lot,Level,Lrg. Backyard Grass,Other
Lot Size
Less Than .5 Acre (not Zero)
Acres
0.2810
Waterfront
No

Farm and Ranch Info:

Number of Wells
1

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21409016

4724 E University Drive

Denton, Texas
$132,000
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Type: Land
Remarks: GREAT INVESTMENT OPPORTUNITY! NO HOA! NO KNOWN RESTRICTIONS! WATER WELL WITH INCOME POTENTIAL! Located directly off Highway 380 in a rapidly developing area of Denton County, this open lot offers excellent investment potential with an existing water well that currently supplies water to 11 neighborhood homes. The homeowners are currently receiving water at no charge, and the seller does not have any payment agreements or contracts in place with the homeowners. There is potential to establish agreements and generate monthly income from the well. At $200 per home, 11 homes could generate approximately $2,200 per month in gross revenue. The average electric bill to operate the well is approximately $50 per month. All major components of the water well system have been fully upgraded, including the pump, pressure pump, dual pressure tanks, electrical box, and insulated well cap. The system is in excellent condition per the seller. The property also offers additional space with water and electric available, creating potential for another income-producing opportunity. IMPORTANT: Seller will only sell this property together with the nearby home at 1809 N Trinity Road, Denton, TX (MLS #20921141). The home sits on approximately 1.75 acres and features a large metal workshop, oversized garage, swimming pool, and spacious yard. Multiple neighboring property owners have also expressed interest in selling, creating a possible opportunity to combine up to four properties totaling approximately 3.5 acres along Highway 380. With the rapid growth along Highway 380, this is a unique opportunity to purchase property with an upgraded water well, potential future income, and room for expansion or development. BUYER TO VERIFY ALL RESTRICTIONS, ZONING, WATER WELL OPERATIONS, WATER SERVICE AGREEMENTS, PERMITTED USES, AND DEVELOPMENT POTENTIAL WITH DENTON COUNTY AND ALL APPLICABLE AUTHORITIES.
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Listed by: Josh Tyler
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Tony C Hager

Tony C Hager

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