$1,300,000

826 S Travis St

Sherman TX, 75090

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 ***

Details

MLS#14408971
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1965
Days On Site75

Features

SQ Feet10,236
Units14
Building(s)1

Market Activity 75090

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Area Information
StateTX
CountyGrayson
CitySherman
Zip Code75090
AreaGRAYSON AREA (37)
Listing VS Median (in 75090)
Price:
$1,300,000
low | high
Med:
$196,500
100% of Average
SqFt:
10,236
low | high
Med:
690
100% of Average
$ / SqFt:
$127
low | high
Med:
$71
93.758241758242% of Average
On Site:
75
low | high
Med:
247.5
30.30303030303% of Average
Listing Updated: 10/21/2020
Logan Waller LogoMLS Number: 14408971
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.