$180,000

1201 S Travis St

Sherman TX, 75090

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.

Details

MLS#14402950
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1999
Days On Site13

Features

SQ Feet1,728
Units2
Building(s)1

Market Activity 75090

Loading Form
Loading Form
Area Information
StateTX
CountyGrayson
CitySherman
Zip Code75090
AreaGRAYSON AREA (37)
Listing VS Median (in 75090)
Price:
$180,000
low | high
Med:
$175,000
52.777777777778% of Average
SqFt:
1,728
low | high
Med:
1,920
38.888888888889% of Average
$ / SqFt:
$104
low | high
Med:
$91
62.5% of Average
On Site:
13
low | high
Med:
49
26.530612244898% of Average
Listing Updated: 08/13/2020
Terrin Bertholf LogoMLS Number: 14402950
Listing Provided By:
Terrin Bertholf  of  Easy Life Realty

All information provided by 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.