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    826 S Travis Street

    Sherman, TX 75090
    • $1,300,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 14473333
    UPDATED: 152 min ago
    $1,300,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Logan Waller of Waller Group Llc.

    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 ***

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-30T23:40:03.29.
    www.homesbylainie.com/homes/111979977
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    826 S Travis Street Sherman, TX 75090

    • Price: $1,300,000
    • Status: Active
    • Updated: 152 min ago
    • ID#: 14473333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    1965
    Built
    Neighborhood:
    Hare & Randolph Add
    County:
    Grayson
    Area:
    Grayson County
    Elementary School:
    Washington
    Middle School:
    Piner
    High School:
    Sherman
    School District:
    Sherman ISD
    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 ***
    Exterior Features

    Construction ConcreteSteelWood Foundation Pier & Beam Parking Or Garage Assigned SpacesOpenUncovered Parking Spaces 14 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features OtherWindow Coverings Kitchen Equipment Built-In MicrowaveCooktop - ElectricDishwasherDisposalRange/Oven-ElectricRefrigerator Sq Ft Building 10236

    Property Features

    Building Area Source Tax Buildings 1 Complex Name Travis Park Construction Status Preowned Gross Annual Expenses 42288 Gross Annual Income 133920 HOA None Insurance Expense 6209 Municipal Utility District No Net Annual Income 89315 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unexempt Taxes 15091 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-30T23:40:03.29.
     
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    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Logan Waller of Waller Group Llc.