517-523 S Travis St, Sherman, TX 75090 - MLS#20576286

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Daniel Roundtree

daniel.roundtree@c21bowman.com +1(972) 698-5900

$1,100,000

Est. payment - /mo

0.25 Acres Lot

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UPDATED:

11/07/2024 03:04 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision G-0056

MLS Listing ID 20576286

HOA Y/N None

Total Fin. Sqft 9065

Year Built 1946

Lot Size 0.251 Acres

Acres 0.251

Property Description

This stabilized multifamily property is an ideal investment opportunity. Boasting 100% occupancy and an average of 97.5% over the past five years, the property is well-positioned in a prime location with convenient access to the downtown square and major highways. It features a diverse unit mix, including large efficiencies, 1-bedroom, and 2-bedroom apartments, with the added convenience of on-site laundry and washer-dryer hookups in the 2-bedroom units. Residents enjoy ample parking, and recent improvements include new roofs installed in September 2024, a new fence along the south side in August 2024, and a new stairwell for the duplex added in September 2024. Currently self-managed by the owner, this property offers a secure, income-generating investment with consistent occupancy in a high-demand area.The Welling Apartments is comprised of 13 units blocks away from Downtown Sherman, TX.

Location

State TX

County Grayson

Direction Directions: Hwy 75 to Lamar Street exit. Take W. Lamar to S. Travis, make right turn and go South to 517 & 523 S. Travis.

Interior

Interior Features Built-in Features

Heating Central, Electric

Cooling Central Air, Electric

Flooring Concrete

Appliance Electric Range, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water, Individual Gas Meter, Individual Water Meter

Roof Type Composition,Mixed

Garage No

Building

Story Two

Foundation Combination, Pillar/Post/Pier, Slab

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Washington

Middle Schools Piner

High Schools Sherman

School District Sherman Isd

Others

Acceptable Financing Cash

Listing Terms Cash

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jacqueline Green • Vissute Real Estate, LLC

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Daniel Roundtree

+1(972) 698-5900

Agent | License ID: 0773164

Agent License ID: 0773164