Address
301 Woods Sherman, TX
Price
$ 7,600,000
Property Attributes
  • MLS#14565427
  • TypeMulti-Family
  • CountyGRAYSON
  • CitySherman
  • AreaSHERMAN
  • NeighborhoodExsteins Maple
  • Zip75092
  • StyleMUL-Full Duplex
  • Price$ 7,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage39425
Listing Provided Courtesy Of:
Scott Broiles with SHER-DEN REALTY
Data Source:
NTREIS
Property Description

Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1,125.00 per month. NOI in 2020 was $350,000.00, on tract for $385,000 in 2021 with Pro-performa at $425,000.00. NOI and Pro-performa CAP rate at 5.5%. Property built in December 2017 lease up started March 2018. Potential upside of $100.00 to $150.00 in rental increases in 2022. This property offers 38 units that are each 2 bedroom, 2 bath. Each unit includes dishwasher, disposal, range, refrigerator and central heat and air. Covered parking also available in the back of unit. Prime location along HWY 75.

Middle School High School
Piner Middle School Sherman High School
Price History
4/28/2021 Listed $7,600,000

General Features

# of Buildings 19
Complex Name Heritage Row
Construction Materials Fiber Cement
Flooring Carpet, Wood
HOA Type None
Heating Central Air-Elec, Central Heat-Elec
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available
Listing Area GRAYSON AREA (37)
Other Equipment Dishwasher, Disposal, Range/Oven-Electric, Refrigerator, Vent Mechanism
Property Type Multi-Family
Proposed Financing Cash, Conventional
School District Sherman ISD
School Name Sherman
Stories 2
Sub Area SHERMAN (0)
Subdivision Exsteins Maple
Type MUL-Full Duplex
Utilities City Sewer, City Water
Year Built 2017
Year Built Details Preowned

Interior Features

# of Units 38
Occupancy Rate 100
Sqft Building 39425
Unit Count 2

Exterior Features

Remarks Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1
Exterior Covered Porch(es)
Foundation Slab
Lot Size Area 0.000
Lot Size Area 0.000
Lot Size Area (acres) 0.000
Lot Size Units Acres
Number Of Parking Spaces 72
Parking Features Covered, Uncovered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 75092

Price
AVG $7.6M
$7.6M
Visits
AVG 37
36
Year Built
AVG 2017
2017

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