$2,950,000

Built in 1964, Charlotte Place Apartments is a 30-unit, two-building community that sits 0.7 miles (a 14-minute walk) from the core of University of North Texas Union Circle campus (approx. 40,000 students on the Denton campus, fall 2025) and less than a mile from the popular Fry Street area, Denton's primary restaurant and bar corridor. Charlotte Place offers a straightforward mix of 14 studios (virtually identical to the 1 bedroom units), 14 one-bedrooms, and 2 two-bedrooms. Studios and one-bedrooms are the easiest units to lease near UNT, due to higher demand from students, graduate students, and young professionals who want to live alone close to campus. Residents pay their own unit electric; the owner covers only water and trash and common area electric (property lighting and laundry room). The property underwent a full renovation in 2012: new kitchens and bathrooms with new cabinets, appliances, and wood flooring in living and kitchen areas; all above-slab plumbing replaced with PVC and water lines fully replaced; new copper wiring with individual electric meters installed and all AC units replaced. Nine units have since received some alternate styling updates (different flooring, painted cabinets and hardware) and all units come with a full kitchen appliance package, ceramic tile baths and a mix of luxury vinyl tile and hardwood flooring. On-site laundry, an outdoor courtyard, and a nearby DCTA bus stop round out the amenity package. The property is currently 90% leased. Denton's multifamily sector is working through an abundance of new apartment supply with rents down 5.7% year-over-year per Apartment List (October 2026), though rents have risen 3.1% year-to-date and vacancy rates are described as still elevated (Denton Record-Chronicle, July 2026). Charlotte Place is leasing up against that backdrop and doing well. An easy move that doesn't require additional capital is adding a modest $30 month utility reimbursement.