405 N Lee Avenue, Sherman, TX 75090 | 20325362 | Allie Beth Allman & Associates

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Listing provided courtesy of JPAR - Uptown - MLS#20325362MLS Provider

405 N Lee AvenueSherman, TX 75090

Multi-Family · 6 Beds · 4 Full Baths · 2,467 Sq. ft. | 0.18 Acres

$440,000 Active

Overview

Time on Site:
199 days
Visits:
0

100% Tenant Occupied 2005 Duplex. Each unit is 1233 sf with 3beds and 2 baths each with a kitchen, dining room, living room, washer and dryer hookups, 2 front parking spots. Wood privacy fence, large backyard, and located only 3 blocks from Austin College. Do Not Disturb Tenants. This property is being sold as part of a $2,950,000 portfolio. Serious Inquiries Only. Preapproval or Proof of funds required. Seller will not separate the portfolio.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,467
  • Price/Sq.ft. $178
  • Lot 0.18 Acres

General

Association/HOA
  • Association Type: None
School Information
  • Elementary School: Jefferson
  • Elementary School Name: Jefferson
  • High School Name: Sherman
  • Intermediate School Name: Dillingham
Income/Expenses
  • Gross Income: 33600.00
  • Insurance Expense: 1874
  • Net Operating Income: 26010
  • Operating Expense Includes: Insurance, New Tax
Building Information
  • Year Built: 2005
  • Year Built Details: Preowned
Location/Region
  • Country: United States
  • County Or Parish: Grayson
  • Subdivision Name: College Park Add
General Information
  • Complex Name: N/A
  • Municipal Utility District: No
  • Parcel Number: 255214
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Second Mortgage: No
  • Special Listing Conditions: Standard
  • Tenancy: No Smoking, Over 9 Months, Written Application Only

Interior

Building Information
  • Accessibility Features YN: No
Parking Information
  • Garage Spaces: 0
  • Garage: No
Beds/Baths
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bedrooms Total: 6
Building Interior
  • Building Area Source: Appraiser
  • Building Area Total: 2467.00
General Information
  • Appliances: Dishwasher, Disposal, Electric Range
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Fireplaces Total: 0
  • Flooring: Carpet, Ceramic Tile
  • Foundation Details: Slab
  • Heating: Central, Electric
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Levels: Two

Exterior

Parking Information
  • Parking Features: Assigned, Direct Access, Driveway
  • Parking Total: 4
Lot Information
  • Lot Features: Few Trees, Interior Lot, Landscaped, Lrg. Backyard Grass, Subdivision
  • Lot Size Acres: 0.1780
  • Lot Size Area: 0.1780
  • Lot Size Square Feet: 7753.6800
  • Lot Size Units: Acres
  • Number Of Buildings: 1
Waterfront/View
  • Waterfront: No
Building Exterior/Construction
  • Attached Garage: No
  • Construction Materials: Rock/Stone
  • Roof: Composition
General Information
  • Carport Spaces: 0
  • Covered Spaces: 0
  • Dock Permitted: No
  • Fencing: Wood
  • Lake Pump: No
  • Number Of Units Total: 2
  • Pool Private: No
  • Utilities: Asphalt, City Sewer, City Water, Individual Water Meter

Unit Information

Unit Details
  • Unit Type: 3 Bedroom
  • Units Total: 1

Monthly Cost

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$ %
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Matt Pizette
Prosperity Home Mortgage
Randy Smith
HomeServices Insurance
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$357,439
Median Sales Price
$190
Median Price per Square Foot
48
Properties Sold
29
New on Market
96
Average Days on Market
135
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
8/7/2023Source: North Texas MLS Status Change
Active
7/24/2023Source: North Texas MLS Status Change
Active Option Contract
5/17/2023Source: North Texas MLS Added to Database
May 17, 2023