517-523 S Travis St Save Request In-Person Tour Request Virtual Tour
Sherman,TX 75090
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Option Contract
Purchase Type For Sale
Subdivision G-0056
MLS Listing ID 20576286
HOA Y/N None
Total Fin. Sqft 9065
Year Built 1946
Lot Size 0.251 Acres
Acres 0.251
Property Description
This stabilized multifamily property is an ideal investment opportunity. Boasting 100% occupancy and an average of 97.5% over the past five years, the property is well-positioned in a prime location with convenient access to the downtown square and major highways. It features a diverse unit mix, including large efficiencies, 1-bedroom, and 2-bedroom apartments, with the added convenience of on-site laundry and washer-dryer hookups in the 2-bedroom units. Residents enjoy ample parking, and recent improvements include new roofs installed in September 2024, a new fence along the south side in August 2024, and a new stairwell for the duplex added in September 2024. Currently self-managed by the owner, this property offers a secure, income-generating investment with consistent occupancy in a high-demand area.The Welling Apartments is comprised of 13 units blocks away from Downtown Sherman, TX.
Location
State TX
County Grayson
Direction Directions: Hwy 75 to Lamar Street exit. Take W. Lamar to S. Travis, make right turn and go South to 517 & 523 S. Travis.
Interior
Interior Features Built-in Features
Heating Central,Electric
Cooling Central Air,Electric
Flooring Concrete
Appliance Electric Range,Refrigerator
Heat Source Central,Electric
Exterior
Utilities Available City Sewer,City Water,Individual Gas Meter,Individual Water Meter
Roof Type Composition,Mixed
Garage No
Building
Story Two
Foundation Combination,Pillar/Post/Pier,Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Washington
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Acceptable Financing Cash
Listing Terms Cash