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1201 S Travis Street Sherman, TX 75090
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $104
Subdivision Moore M B Add
MLS Listing ID 14402950
Sold Date 09/09/20
Bedrooms 4
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1728
Year Built 1999
Annual Tax Amount $4,458
Lot Size 0.344 Acres
Acres 0.344
Property Description
Incredibly well maintained investment property for the investor looking to purchase an asset in a fantastic rental market. Each side has 2 bed and 1 bath and side A is leased at $875mo and side B for $825mo, yielding a gross income of $20400 a year which can equate to a 7.5% cap rate. Both units are fully electric, have individual water and electric meters and have separately fenced back yards . Excellent location close to downtown Sherman and the development taking place at highway 75 and 1417. Side A has been fully remodeled and side B is in great condition. Owner has always had steady tenants and has been proactive to maintained the property when needed. Side B will be coming up for lease in September.
Location
State TX
County Grayson
Direction Located approximately 1 mile from downtown Sherman on Travis St.
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Plumbed for Ice Maker, Vented Exhaust Fan, Electric Water Heater
Heat Source Central, Electric
Exterior
Fence Chain Link, Wood
Utilities Available All Weather Road, City Sewer, City Water, Individual Water Meter
Roof Type Composition
Parking Type Covered, Garage Faces Front
Total Parking Spaces 2
Garage Yes
Building
Lot Description Corner Lot, Few Trees
Story One
Foundation Slab
Structure Type Siding
Schools
Elementary Schools Washington
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Ownership ZLM Properties, LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Jibran Najmi • Corey Simpson & Associates
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