Lana

• Three Owners over Four Decades: Maintained by just three owners over 40 years, this property combines stability, meticulous care, and easy management, making it a highly attractive investment.
• Proximate to Substantial Economic Drivers: Denton is perfectly located where I-35W and I-35E (the "Growth Corridor") converge, at the northern point of the Dallas-Ft. Worth triangle. The property is centrally located within Denton, so it's minutes away from Denton's top employers and attractions.
• Virtually No Deferred Maintenance: Current ownership invested over $1.2M into improving the exteriors, amenities, and providing upside on interior enhancments. Ultimately, allowing new ownership to drive top-line revenue.
• Proven Premium Level Upgrades: Ownership is achieving a rental lift on premium level units consisting of black appliances, granite countertops, washer and dryer connections, bathroom vanities and tile surround, and more.
• Immediate Revenue Generators Available: There is demand for amenities such as package lockers, valet trash, backyard spaces, fitness center, grill stations, and more.
• Attractive Financing Available: Nonrecourse agency financing is available with flexible prepayment penalty structures.

Property Description

Lana Apartments at 521 East Windsor Drive is situated in the northeastern portion of Denton, and close proximity to Texas Women’s University. Lana is a recently remodeled 116-unit multifamily community with a total building area of 84,422 square feet and an average unit size of 756 square feet. The two-story, garden-style property features well-equipped one- and two-bedroom apartment homes with central heating and air conditioning, wood-look flooring, and contemporary kitchens and bathrooms.  Lana can be purchased individually or as a portfolio with Aspire.