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    301 Woods

    Sherman, TX 75092
    • $7,600,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 14565427
    UPDATED: 12 min ago
    $7,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2017
    County:

    School Information

    Middle School:
    High School:
    School District:
    Offered by Scott Broiles of Sher-Den Realty.

    Description

    Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1,125.00 per month. NOI in 2020 was $350,000.00, on tract for $385,000 in 2021 with Pro-performa at $425,000.00. NOI and Pro-performa CAP rate at 5.5%. Property built in December 2017 lease up started March 2018. Potential upside of $100.00 to $150.00 in rental increases in 2022. This property offers 38 units that are each 2 bedroom, 2 bath. Each unit includes dishwasher, disposal, range, refrigerator and central heat and air. Covered parking also available in the back of unit. Prime location along HWY 75.

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-27T14:39:55.74.
    www.teamrobbins.com/homes/116550420
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    301 Woods Sherman, TX 75092

    • Price: $7,600,000
    • Status: Active
    • Updated: 12 min ago
    • MLS #: 14565427
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2017
    Built
    Neighborhood:
    Exsteins Maple
    County:
    Grayson
    Area:
    Grayson County
    Middle School:
    Piner
    High School:
    Sherman
    School District:
    Sherman ISD
    Property Description
    Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1,125.00 per month. NOI in 2020 was $350,000.00, on tract for $385,000 in 2021 with Pro-performa at $425,000.00. NOI and Pro-performa CAP rate at 5.5%. Property built in December 2017 lease up started March 2018. Potential upside of $100.00 to $150.00 in rental increases in 2022. This property offers 38 units that are each 2 bedroom, 2 bath. Each unit includes dishwasher, disposal, range, refrigerator and central heat and air. Covered parking also available in the back of unit. Prime location along HWY 75.
    Exterior Features

    Construction Fiber Cement Exterior Features Covered Porch(Es) Foundation Slab Parking Or Garage CoveredUncovered Parking Spaces 72 Pool On Property No Roof Composition

    Interior Features

    Flooring CarpetWood Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv AvailableDecorative LightingHigh Speed Internet Available Kitchen Equipment DishwasherDisposalRange/Oven-ElectricRefrigeratorVent Mechanism Sq Ft Building 39425

    Property Features

    Alarm Or Security Type Smoke Detector Building Area Source Owner Buildings 19 Complex Name Heritage Row Construction Status Preowned Gross Annual Expenses 0 Gross Annual Income 0 HOA None Insurance Expense 0 Intermediate School Dillingham Municipal Utility District No Net Annual Income 0 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Full Duplex Proposed Financing CashConventional Unit Count 2 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-27T14:39:55.74.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14565427-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14565427-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14565427-2.jpg
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    Robbins Real Estate Group
    1920 McKinney Ave WeWork/Robbins Real Estate Group
    Dallas TX, 75201
    Offered by Scott Broiles of Sher-Den Realty.