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$7,600,000
301 Woods, Sherman, TX 75092
0 Beds
0 Baths
n/a sqft

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Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1,125.00 per month. NOI in 2020 was $350,000.00, on tract for $385,000 in 2021 with Pro-performa at $425,000.00. NOI and Pro-performa CAP rate at 5.5%. Property built in December 2017 lease up started March 2018. Potential upside of $100.00 to $150.00 in rental increases in 2022. This property offers 38 units that are each 2 bedroom, 2 bath. Each unit includes dishwasher, disposal, range, refrigerator and central heat and air. Covered parking also available in the back of unit. Prime location along HWY 75.
  • Price:
  • $7,600,000
  • Year Built:
  • 2017
  • Listing ID #:
  • 14565427
  • Street Address:
  • 301 Woods
  • City:
  • Sherman
  • State:
  • Texas
  • Postal Code:
  • 75092
  • County:
  • Grayson
  • Community:
  • Grayson Area (37)
  • Subdivision:
  • Exsteins Maple
  • Listing Status:
  • Active
  • Listing Type:
  • MUL-Full Duplex
2
out of 5

Piner Middle School
Public
School Grade Level 7-8
School Students 1100 students
School Teachers 14 student/
teacher
2
out of 5

Sherman High School
Public
School Grade Level 9-12
School Students 1800 students
School Teachers 12 student/
teacher
  • Building Security:
  • Smoke Detector
  • Construction Description:
  • Fiber Cement
  • Exterior Features:
  • Covered Porch(es)
  • Flooring:
  • Carpet, Wood
  • Foundation:
  • Slab
  • Interior Features:
  • Cable Tv Available, Decorative Lighting, High Speed Internet Available
  • Number Of Units:
  • 38
  • Stories:
  • 2
  • Total # Of Buildings:
  • 19
  • Type Of Roof:
  • Composition
  • Year Built:
  • 2017
  • Year Built Description:
  • Preowned
  • Lot Size Units:
  • Acres
  • Financing Options:
  • Cash, Conventional
  • Parking Description:
  • Covered, Uncovered
  • Parking Spaces:
  • 72
  • Heating Fuel:
  • Central Air-Elec, Central Heat-Elec
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Scott Broiles of Sher-Den Realty
  • Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service. NTREIS

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