Dallas, Tx: Paragon Realtors debuts in Sherman Texas this week with the acquisition of the Virginia Cook Sherman office, the number one brokerage in the area, by Dallas-based Dallas City Center Realtors. The word “paragon” is a model or pattern … Read More...
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Paragon: [par-uh-gon] - noun - A Model or Pattern of Excellence
Listing ID20178385
Sold ForN/A
StatusClosed
Sold Date11/21/2022
Bedrooms8
Total Baths8
Full Baths8
Acres
0.516
CountyGrayson
SubdivisionShannon T J Town
Year Built1965
Property TypeResidential Income
Property Sub TypeDuplex
Incredible investment opportunity! Two duplexes in the heart of Sherman conveniently located to downtown and highway 75. Each unit has 2 bedrooms and 2 full bathrooms with 2 separate living areas and access to fenced-in back patio. Each unit has two parking spots, one covered and one open. All units are currently tenant occupied with leases not expiring until 2023. Some upgrades have been made to each unit including updated vinyl flooring and granite countertops in #530. Don't miss this great opportunity!
County
Grayson
Property Sub Type
Duplex
Property Type
Residential Income
Subdivision
Shannon T J Town
Year Built
1965
Accessory Unit
no
Appliances
Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator
Basement
no
Cooling
Central Air, Electric
Fireplace Features
Brick, Wood Burning
Fireplaces Total
4
Flooring
Carpet, Tile, Vinyl
Heating
Central, Natural Gas
Interior Features
Granite Counters, High Speed Internet Available, Tile Counters
Levels
One
Attached Garage
no
Carport Spaces
4
Construction Materials
Brick
Covered Spaces
4
Fencing
Wood
Foundation Details
Slab
Garage
no
Lot Features
Corner Lot
Lot Size
.5 to < 1 Acre
Lot Size Area
0.516
Lot Size Square Feet
22476.96
Lot Size Units
Acres
Number Of Buildings
2
Number Of Parking Spaces
8
Number Of Units Total
4
Parking Features
Carport, Common, Covered, Open
Patio And Porch Features
Covered, Front Porch, Patio
Pool
no
Roof
Composition
Utilities
All Weather Road, City Sewer, City Water, Curbs
Window Features
Window Coverings
Association Type
None
Building Area Source
Public Records
Building Area Total
5653
Country
United States
Directions
From highway 75, exit for Washington Street and head west on Washington. Properties are on the southwest corner of Washington and Woods Streets. No sign.
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
Tenancy
No Smoking, Over 9 Months, Other
Third Party Assistance Program
no
US Property MUI
406181074
Will Subdivide
No
Year Built Details
Preowned
Buyer Financing
Conventional
Capitalization Rate
5.61
Close Price/Lot Size Acre
1065891.47287
Current Price/Lot Size
1065891.47287
Gross Annual Expenses
23000
Gross Annual Income
55200
Insurance Expense
3868
Listing Terms
1031 Exchange, Cash, Conventional
Net Operation Income
32200
Operating Expense Includes
Insurance, Maintenance, Manager, Supplies
Possession
Lease Outstanding, Subject to Lease
Tax Block
3
Unexempt Taxes
13826
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