Address
826 S Travis Street Sherman, TX
Price
$ 1,300,000
Property Attributes
  • MLS#14408971
  • TypeMulti-Family
  • CountyGRAYSON
  • CitySherman
  • AreaSHERMAN
  • NeighborhoodHare & Randolph Add
  • Zip75090
  • StyleMUL-Apartment/5Plex+
  • Year Built1965
  • Taxes15091
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10236
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Logan Waller with Waller Group LLC
Property Description

Waller Group Properties is proud to present this 14 unit property in Sherman, TX. This is a turnkey investment, offering new ownership the opportunity to capitalize on a recently renovated property with below-market rents. The property is currently operating at an NOI of $89,315 at a 6.87% cap rate. The property was underwritten on annualized T-3 expenses in order to reflect stabilized performance. Due to the recent stabilization and minimal work needed on repairs, this asset will effectively operate on a low expense ratio. *** See OM in attachments for full details ***

Elementary School Middle School High School
Washington Elementary School Piner Middle School Sherman High School
Price History
8/7/2020 Listed $1,300,000

General Features

# of Buildings 1
Block 4
Complex Name Travis Park
Construction Materials Concrete, Steel, Wood
HOA Type None
Heating Central Air-Elec, Central Heat-Elec
Interior Features Other, Window Coverings
Listing Area GRAYSON AREA (37)
Other Equipment Built-in Microwave, Cooktop - Electric, Dishwasher, Disposal, Range/Oven-Electric, Refrigerator
Property Type Multi-Family
School District Sherman ISD
School Name Washington
School Name Sherman
Stories 2
Sub Area SHERMAN (0)
Subdivision Hare & Randolph Add
Type MUL-Apartment/5Plex+
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14408971
Year Built 1965
Year Built Details Preowned

Interior Features

# of Units 14
Occupancy Rate 100
Sqft Building 10236
Unit Count 2
Utilities City Sewer, City Water

Exterior Features

Foundation Pier & Beam
Lot Size Area 0.460
Lot Size Area 0.460
Lot Size Area (acres) 0.460
Lot Size Area (sq Ft) 20037
Lot Size Units Acres
Number Of Parking Spaces 14
Parking Features Assigned Spaces, Open, Uncovered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 75090

Price
AVG $1.3M
$1.3M
Taxes
AVG $15,091
$15,091
Visits
AVG 58
59
Year Built
AVG 1965
1965
Walkscore
AVG 64
64
Data Provided by Walkscore ® not using MLS data

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