$139,000
 $789 est/mo Sourced by Back At You

4724 E University Drive,Denton, TX 76208

Denton, TX 76208

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Description

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.

Details

MLS #21409016
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site9
Listing Provided ByJPAR North Metro | Josh Tyler

Features

ZoningNo known restrictions
Acreage0.28

Exterior

Lot FeaturesCleared, Interior Lot, Level, Lrg. Backyard Grass, Other

Utilities

UtilitiesAll Weather Road, Electricity Connected, Private Water, Sidewalk, Well

Taxes

Unexempt Taxes2363
Tax BlockA
Tax Legal DescriptionA0417A M. FORREST, TR 55, .281 ACRES, OLD DCA

Area Information

StateTX
CountyDenton
CityDenton
Zip Code76208
AreaDenton
Community NameM Forrest
School DistrictDenton ISD
Elementary SchoolHodge
High SchoolRyan H S
Listing VS Median (in M Forrest)
Price:
$139,000
low | high
Med:
$1,094,000
100% of Average
On site:
9
low | high
Med:
292
3.082191780822% of Average
Sourced by Back At You

Market Activity 76208

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyDenton
CityDenton
Zip Code76208
AreaDenton
Community NameM Forrest
School DistrictDenton ISD
Elementary SchoolHodge
High SchoolRyan H S
Listing VS Median (in M Forrest)
Price:
$139,000
low | high
Med:
$1,094,000
100% of Average
On site:
9
low | high
Med:
292
3.082191780822% of Average
Sourced by Back At You
Listing Updated: October 11, 2026 at 5:28:39 PM PDT