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5280 Atwell Lane

Denton, TX 76208

$1,400,000

8 units · 1986

Units8
Building area5,604 sq ft
Year built1986
Gross income$150,600/yr
Cap rate6.73% as listed
Parking14 spaces
Lot size1.033 acres
TypeResidential Income

What it costs to own

Taxes$853 per year
HOANone listed
Operating expenses$56,377 per year — as listed
Net operating income$94,223 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Welcome to The Porches, a one-of-a-kind lakefront residential community offering outstanding income-producing potential on just over one acre outside city limits with no HOA. This unique property features eight residences: two three-bedroom, two-bath homes; two two-bedroom, one bath homes, including one with a wraparound porch accessible from the primary bedroom; and four charming one-bedroom, one-bath cottages. Each residence offers an inviting covered porch, creating a welcoming and cohesive community atmosphere.
Backing to U.S. Army Corps of Engineers land, the property provides scenic lake views and convenient walking access to the water for fishing and outdoor recreation. The fully fenced and gated community is equipped with security cameras and monitoring equipment, offering tenants added privacy and peace of mind.
The property is served by two city water meters and also includes a private well used for lawn irrigation. An on-site storage container provides convenient space for the owner’s lawn equipment and maintenance supplies. With additional room to add another cottage, “The Porches” presents a rare opportunity to own an established lakefront community with both immediate income potential and room for future growth.

The details

HeatingCentral, Electric
CoolingCentral Air, Multi Units, Wall Unit(s)
FlooringCarpet, Luxury Vinyl Plank
AppliancesDishwasher, Electric Oven
Interior featuresEat-in Kitchen, High Speed Internet Available, Vaulted Ceiling(s)

Construction materialsSiding
RoofMetal
FoundationPillar/Post/Pier

Lot featuresAdjacent to Greenbelt, Few Trees, Greenbelt, Waterfront
FencingChain Link, Metal
Water sourcePrivate, Well
SewerAerobic Septic, Septic
ElectricElectricity Connected

SubdivisionReed Camp

ElementaryHodge
Middle schoolBettye Myers
High schoolRyan H S
DistrictDenton ISD

Gross income$150,600 per year
Operating expenses$56,377 per year
Operating includesMaintenance Grounds, Mortgage/Loans, Utilities, Water/Sewer
Cap rate6.73% — as listed
Net operating income$94,223 per year

MLS #21391558
Source
On the market17 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryALDI · 2.6 mi
Nearest parkMills Property · 1.5 mi

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Listing courtesy of INC Realty, LLC — Leslie Schmidtke.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21391558. Information last updated October 7, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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