For more information on this property,
contact Stacey Olmstead at solmstead@paragonrealtors.com
120
S
Mckown Avenue,
Sherman,
Texas
TX
75092-7463
Sold For: N/A
Listing ID 20178378
Status Closed
Sold Date 12/19/2022
Bedrooms 6
Full Baths 3
Total Baths 3
Acres 0.348
Subdivision Elliotts Gray Hill Add
Year Built 1992
Property Description:
Great investment opportunity! Triplex in west Sherman. All units are occupied. Current leases will survive the sale.
Stacey Olmstead
Primary Features
County:
Grayson
Property Sub Type:
Triplex
Property Type:
Residential Income
Subdivision:
Elliotts Gray Hill Add
Year Built:
1992
Interior
Accessory Unit:
no
Appliances:
Dishwasher, Electric Range, Microwave, Refrigerator
Basement:
no
Cooling:
Central Air, Electric
Flooring:
Carpet, Tile, Vinyl
Heating:
Central, Electric
Interior Features:
Cable TV Available, High Speed Internet Available
Levels:
One
External
Attached Garage:
no
Carport Spaces:
3
Construction Materials:
Brick
Covered Spaces:
3
Fencing:
Fenced, Wood
Foundation Details:
Slab
Garage:
no
Lot Features:
Interior Lot
Lot Size:
Less Than .5 Acre (not Zero)
Lot Size Area:
0.348
Lot Size Square Feet:
15158.88
Lot Size Units:
Acres
Number Of Buildings:
1
Number Of Parking Spaces:
6
Number Of Units Total:
3
Parking Features:
Covered, Open
Pool:
no
Roof:
Composition
Utilities:
All Weather Road, City Sewer, City Water, Electricity Connected, Individual Water Meter
Window Features:
Window Coverings
Location
Association Type:
None
Building Area Source:
Public Records
Building Area Total:
3978
Country:
United States
Directions:
From highway 75, exit for Houston-Lamar. Go west on Houston and turn right on McKown. Property is on the left side. No sign in yard.
Elementary School:
Wakefield
Elementary School Name:
Wakefield
High School Name:
Sherman
Middle School Name:
Piner
School District:
Sherman ISD
Senior Community:
no
Waterfront:
no
Additional
Accessibility Features:
no
Complex Name:
N-A
Consent Required to Record:
None
Dual Variable Compensation:
no
Municipal Utility District:
no
Property Match:
APN
Second Mortgage:
no
Smart Home Features:
no
Status:
Closed
Third Party Assistance Program:
no
US Property MUI:
406172944
Will Subdivide:
No
Year Built Details:
Preowned
Financial
Buyer Financing:
Conventional
Capitalization Rate:
5.36
Close Price/Lot Size Acre:
1321839.08046
Current Price/Lot Size:
1321839.08046
Gross Annual Expenses:
17812
Gross Annual Income:
43500
Insurance Expense:
2087
Listing Terms:
1031 Exchange, Cash, Conventional
Net Operation Income:
25688
Operating Expense Includes:
Insurance, Maintenance, Maintenance Structure, Manager, Supplies
Possession:
Lease Outstanding, Subject to Lease
Tax Block:
2
Tax Lot:
3
Unexempt Taxes:
10817
Zoning Info
Contact - Listing ID 20178378
Data services provided by IDX Broker
