For more information on this property, contact Stacey Olmstead at

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


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


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


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


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


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

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Contact - Listing ID 20178378

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Stacey Olmstead

United States

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