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518 S Elm Street #B Sherman, TX 75090
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Samuel Blagg Surv Abs #56
MLS Listing ID 20736409
Sold Date 12/23/24
Bedrooms 2
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1780
Year Built 1950
Annual Tax Amount $4,233
Lot Size 0.386 Acres
Acres 0.386
Property Description
Take a moment and give this investor special a quick gander. This duplex resides mere blocks away from Sherman's Historic Downtown and only 2 miles from Austin College. Currently leased with 100% occupancy and nearby amenities for tenants this is certainly a valuable asset for both landlord and tenant. When it comes to investment real estate, location really matters but so does value. The property boasts 1,780 livable square footage evenly split between the two mirrored sides. Each unit consists of a spacious living room, full kitchen with breakfast nook and panel style doors to the bedroom allowing for a studio style set up or a closed bedroom with it's own full sized bathroom.
Units have electricity separately metered, electric heating and cooling, and high speed internet available. Long term tenant loyalty has been rewarded with lower than typical rental rates, immediate value in light rehab and nominal increase or full cosmetic and significant increases.
Location
State TX
County Grayson
Direction Arriving from TX HWY 75, take exit for W Cherry St. After, take a right onto S Elm St. Structure will on the right. Google and Apple Maps work as well.
Interior
Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Open Floorplan
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Wood
Appliance Dishwasher, Electric Oven, Electric Water Heater
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch
Fence Back Yard, None
Utilities Available Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk
Roof Type Composition
Garage No
Building
Lot Description Few Trees, Interior Lot, Lrg. Backyard Grass
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Concrete,Wood
Schools
Elementary Schools Washington
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Ownership See Tax Record
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Deed Restrictions
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