$399,900

New to the Aubrey market — day 3 on the books.

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.

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.