4724 N University Dr, Denton, TX 76208

$154,999

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List Price: $154,999
MLS#: 21345432
Status: ACTIVE
Type: Single Family Residential
Subtype: Residential
Style: Detached
Year Built: 2024
Acres: 0.28
County: Denton
City: Denton
Subdivision: M Forrest
Number of Stories: 1
Architecture Style: Detached

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Property Description

Great Investment. Zoned residential and commercial. Buyer and buyers agent to verify all information with county. Lot is not large enough to build a home, but can add structures that are approved by Denton county. Great for parking or small business. Located on Hwy 380. Rapidly developing area. Open lot with a money generating water well on it. This well supplies water to the neighborhood of 11 meters. $200 per house. Average electric bill is around 50.00 to operate well. Pump, pressure pump, upgraded dual, pressure tanks, electrical box, and an insulated well cap have all been recently updated by the owner. Everything is in great shape. There is room on the lot property with water & electric to add a second money making opportunity! Income producing well. Great opportunity to own a large property and water well in booming area. Seller is also selling home connected to this water well close one lot over on 1.75 acres with large metal building, huge garage, large open yard, no HOA or restrictions, and swimming pool, MLS# 20921141, 1809 N Trinity Road, Denton, TX. No HOA and opportunity to take home completely off grid if needed. Possible option to change to commercial if acquiring neighboring property and making lot larger. Multiple neighbors open to possible selling.

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