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$239,000

Beds
4
Baths
3.0
sq ft
1,490

1125 Patricia Dr, Sherman, TX 75090

1125 Patricia Dr

Sherman, TX 75090

  • 1 day on market
Turnkey Investment Opportunity – Tenant-Occupied & Cash-Flowing! Welcome to 1125 S Patricia Dr, a fully leased investment property generating $1,675-month in rental income and professionally managed by Milestone Premier Properties. This 4-bedroom, 3-bathroom home offers 1,490 sq ft of updated living space, featuring recent upgrades including new interior paint, flooring, an updated kitchen and bathrooms, plus a brand-new roof installed in March 2024 (not shown in photos). Essential amenities include central heat & air, utility connections, and a fenced backyard. Located in East Sherman, just minutes from Sherman Middle School & Austin College, this property is positioned in a high-demand rental area with easy access to shopping, dining, and major employers. With Sherman’s rapid growth and ongoing development, this is the perfect opportunity to secure a strong-performing asset in an appreciating market. No showings without an accepted offer to minimize tenant disruption. Contact the listing agent for details.

Details

Property type

Single Family Residence

Est. home value

$190,271

Lot size

0 sq ft

Price per sq ft

$161

Year built

1964

Price History

03/02/2025
NTREIS

NTREIS #20858631

Listed
$239,000
04/10/2024
NTREIS

NTREIS #20523438

Removed
03/26/2024
NTREIS

NTREIS #20523438

Price change
$259,000
-3.72%

Schools & Community

Elementary school: 

Fairview

Middle school: 

Sherman

High school: 

Sherman

School district: 

Sherman ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lendingone Llc

Loan start date

October 2021

Original loan amount

$152,960

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Commercial, 1 year

Seller

Briar Lane Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 1:30 AM

Listing updated: 03/02/2025 at 10:13 PM

Listed by: Brandy Landon, Milestone Premier Properties Phone #: (903) 462-0282

MLS: NTREIS #20858631

NTREIS logo

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