Sherman, TX 75090,517-523 S Travis St
$1,100,000
$1,100,000
Est.Price: ?

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9,065 SqFt

517-523 S Travis St Sherman, TX 75090

Est. payment /mo
SOLD DATE : 02/04/2025

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Key Details

Sold Price $1,100,000

Property Type Residential Income

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 9,065 sqft

Price per Sqft $121

Subdivision G-0056

MLS Listing ID 20576286

Year Built 1946

Lot Size 0.251 Acres

Property Sub-Type Apartment

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

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Concrete

Exterior

Parking Features Asphalt

Pool None

Utilities Available Natural Gas Available, Sewer Available, Separate Meters, Water Available

Roof Type Composition,Mixed

Building

Foundation Combination, Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Washington

Middle Schools Piner

High Schools Sherman

School District Sherman Isd

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agent

Barrett Haines

Agent

+1(254) 206-2529

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