972-379-9862
826 S Travis St, Sherman, TX for Sale
Apartments - FOR SALE
1/18
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826 S Travis St
Sherman, TX 75090


HIGHLIGHTS

  • Majority 2-Bedroom Units
  • 93% Occupied (Only 1 Vacant Unit)
  • Features Brand New Windows Throughout
  • Across the Street from the Washington Elementary School
  • Easy Access to Hwy-75
  • $69,000+ Median Household Income in a 1-Mile Radius (Yardi*)

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of Travis Park, a unique opportunity in Sherman, Texas. Built in 1965, this property features 14 units with an average size of 728 square feet, offering one and two-bedroom floor plans, with eight 800 SF two-bedroom units. The property currently has a 93% occupancy rate, with only one vacant unit. The owners have recently installed brand-new windows throughout the property. Travis Park is available for purchase without any existing debt. Property Location: Situated directly across from Washington Elementary School and just a quarter mile from Highway-75, Travis Park offers a prime location. Approximately an hour north of Dallas and just 15 minutes from Denison, the property is near the heart of historic Downtown Sherman. Residents enjoy convenient access to a variety of shopping, dining, and entertainment options, including the Sherman Town Center, Midway Mall, and Pecan Grove Park. With all K-12 schools within an eight-minute drive, and easy connectivity to I-75, Travis Park provides effortless access to daily necessities and popular destinations. Sherman, Texas: The Sherman-Denison area has a stable and growing employment base. The largest employers are education and health services. Denison has two regional health centers: The Wilson N. Jones Regional Health System and the Texoma Medical Center. The largest employers in Sherman are Tyson Foods and Texas Instruments (TI). This area has emerged as a hotbed for chip and semiconductor manufacturing. Sherman is building the 3,300-acre master-planned Progress Park, which will include sites for manufacturing, data centers, Headquarters, and research and development. TI has broken ground on a $30 billion campus, while GlobiTech has announced plans for a $5 billion facility. These developments will increase the steady demand for housing for current and future residents. Additionally, Lake Texoma is just 30 minutes away and offers 90,000-acres of boating, fishing, and swimming.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

14

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travis Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Commercial

APN/PARCEL ID

165875

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.