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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,786 sqft
Price per Sqft $129
Subdivision Dumas J P Add
MLS Listing ID 14469909
Sold Date 03/19/21
Total Fin. Sqft 5786
Year Built 1946
Annual Tax Amount $3,632
Lot Size 0.689 Acres
Acres 0.689
Property Description
Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!
Location
State TX
County Grayson
Zoning Commerc
Direction Follow US-377 N and US-82 E to E Hwy 82 in Sherman. Take exit 643 from US-82 E. Take Texoma Pkwy to S Armstrong Ave.
Interior
Heating Other
Cooling Other, Window Unit(s)
Flooring Vinyl
Heat Source Other
Exterior
Utilities Available City Sewer, City Water
Roof Type Metal
Street Surface Asphalt,Concrete
Garage No
Building
Foundation Pillar/Post/Pier
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Aerial Photo
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Bought with Non-Mls Member • NON MLS
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