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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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4724 E University Dr , Denton, TX 76208
$139,000
Est. Payment: $780.73/mo
0.28 Acres
Status: active | Days on site: 0
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House 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.

Highlights

Listed by Josh Tyler , JPAR North Metro , North Texas Real Estate Information Systems

Property Type

Vacant Land

Lot/Acreage
0.28

County

Denton

Neighborhood

M Forrest

School District

Denton ISD

Listing ID

21409016

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Interior Features

Exterior Features

Lot:Cleared,Interior Lot,Level,Lrg. Backyard Grass,Less Than .5 Acre (not Zero)
Zoning:No known restrictions
Principal Interest
$781
Taxes
$197

Home Price

$139,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$27,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$780.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $780.73 $196.92 $0.00 $977.64
Yearly $9,368.73 $2,363.00 $0.00 $11,731.73
Total $281,061.76 $70,890.00 $0.00 $351,951.76

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Denton, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T14:08:21.260Z

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