7 months on rocket

517-523 S Travis St, Sherman, TX, 75090

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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517-523 S Travis St, Sherman$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAsphalt
Year Built1946
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #20576286
Lot Size0.25 Acres
StatusActive

About 517-523 S Travis St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1946

Listing Office:

  • Office Name: Vissute Real Estate, LLC
  • Office Phone: (214) 882-0398
  • Listing Agent: Jacqueline Green

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Flooring Type: Concrete
  • Interior: Built-in Features

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt

Virtual/3D Tour

  • Virtual Tour: 517-523 S Travis St
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Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Directions: Hwy 75 to Lamar Street exit. Take W. Lamar to S. Travis, make right turn and go South to 517 & 523 S. Travis.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
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Housing Market Comparison

See how this home compares to others in Sherman, TX.

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Sherman, TX

City

Med. List Price

$309.9K

Med. Price/SqFt

$174

Avg. Days On Market

90

# of Sold Homes

48

517-523 S Travis St vs Sherman

233 DAYS ON ROCKET

+143 Days

$1,100,000

+$790.1K More

KEY TAKEAWAY

This property is $790.1K more than the Median List Price in Sherman, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20576286

Listing Office:

  • Office Name: Vissute Real Estate, LLC
  • Office Phone: (214) 882-0398
  • Listing Agent: Jacqueline Green

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/22/2024, 7:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-551944
2
/10

  • Washington Elementary School

  • 815 S Travis St

  • 1.95 miles

  • Public District Grades KG-5

school-card-donut-551945
3
/10

  • Henry Sory Elementary School

  • 120 Binkley Park Dr

  • 2.46 miles

  • Public District Grades KG-5

school-card-donut-551946
2
/10

  • Crutchfield Elementary School

  • 521 S Dewey Ave

  • 2.70 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,534. The most common annual income of people living in Sherman, TX is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 517-523 S Travis St

What is the listing price of this property?

The listing price of 517-523 S Travis St property is $1,100,000.

What type of property is this?

The property 517-523 S Travis St is a condo located in Sherman, Texas, 75090.

Is this property for sale now?

Active Listing: 517-523 S Travis St is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 517-523 S Travis St is 1946.

Rocket Homes›Texas›Grayson County›Sherman›75090›517-523 S Travis St

This home is located at 517-523 S Travis St in Sherman, TX and zip code 75090. This home, which was built in 1946, sits on a 0.25 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $1,100,000.

Between September 2024 and October 2024, Sherman, TX real estate market has seen increase in the number of listings by 9.3%. While the average time on the market in October 2024 was 90 days, the median list price was $309,900.

From Rocket Homes Real Estate and based on county public records data.

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