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$1,100,000

Beds
Unknown
sq ft
9,065

517-523 S Travis St, Sherman, TX 75090

517-523 S Travis St

Sherman, TX 75090

  • 235 days on market
    • Price drop $75,000↓
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.

Details

Property type

Apartment

Lot size

0.251 acres

Price per sq ft

$122

Year built

1946

Price History

11/07/2024
NTREIS

NTREIS #20576286

Price change
$1,100,000
-6.38%
10/10/2024
NTREIS

NTREIS #20576286

Listed
$1,175,000
07/15/2024
NTREIS

NTREIS #20576286

Pending
$1,175,000

Schools & Community

Elementary school: 

Washington

Middle school: 

Piner

High school: 

Sherman

School district: 

Sherman ISD

Status: Active

Tomo last checked: 11/24/2024 at 12:35 AM

Listing updated: 11/07/2024 at 9:07 AM

Listed by: Jacqueline Green, Vissute Real Estate, LLC Phone #: (214) 882-0398

MLS: NTREIS #20576286

NTREIS logo

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