1805 Park Place

Sherman, TX 75092

$795,000
Price
12
Beds
8
Baths
2,604 Sq. Ft.
$305 / Sq. Ft.
2,604
Sq. Ft.
$305
per Sq. Ft.

Description

For sale: a package of 2 full duplexes located across from Fairview Park in West Sherman. Each unit offers 3 bedrooms, 2 bathrooms, and a single-car garage. 2 of the 4 units have been recently updated, while the remaining 2 are in good condition but could benefit from cosmetic improvements. All roofs were replaced in 2023. This is a fantastic opportunity for investors, with Sherman's ongoing growth driven by Texas Instruments, Global Wafers, and other major developments. Perfect for cash flow or...For sale: a package of 2 full duplexes located across from Fairview Park in West Sherman. Each unit offers 3 bedrooms, 2 bathrooms, and a single-car garage. 2 of the 4 units have been recently updated, while the remaining 2 are in good condition but could benefit from cosmetic improvements. All roofs were replaced in 2023. This is a fantastic opportunity for investors, with Sherman's ongoing growth driven by Texas Instruments, Global Wafers, and other major developments. Perfect for cash flow or a 1031 exchange! Please do not disturb tenants.
  1. Listed by Cory Meals • TREC #0636222 • eXp Realty LLC • 903-308-3150

Property Details for 1805 Park Place

Subdivision Name
Gregory Place
Pool
No
Number Of Parking Spaces
12
LISTING UPDATED: 11/04/2024 02:04 PM

Property Details for 1805 Park Place

StatusActive
MLS #20759412
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1998
Lot Size0.23 AC / 10,018 SF
CountyGrayson County

Building Information for 1805 Park Place

Stories1Residences4Year Built1998Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 1805 Park Place

Summary
Location and General Information
  • Block: 1
  • Complex Name: Gregory Place
  • Directions: From Hwy 75 take Taylor St. West, Turn South onto Park Pl. Properties are on the East side of the Street.
  • Elementary School: Fairview
  • Elementary School Name: Fairview
  • High School: Sherman
  • High School Name: Sherman
  • Middle School: Piner
  • Year Built Details: Preowned
  • School District: Sherman ISD
  • Geocode Confidence: High
  • Latitude: 33.65
  • Longitude: -96.63
  • State: Texas
Parking
  • Parking Features: Garage Door Opener, Garage Faces Front
  • Attached Garage: Yes
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: GREGORY PLACE, BLOCK 1, LOT 6, ACRES .23
  • Association Type: None
  • Tax Lot: 5 & 6
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Brick, Wood Burning
  • Fireplaces Total: 4
  • Flooring: Ceramic Tile, Vinyl
  • Heating: Central, Electric
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave
  • Basement: No
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 4
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water, Concrete, Curbs
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Concessions YN: Yes
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Units: Acres
  • Lot Size Square Feet: 10018.8
  • Multi Parcel ID: Yes
  • Parcel Number: 158557
  • Parcel Number 2: 158556
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 5.11%
  • Gross Annual Expenses: $25,977
  • Gross Annual Income: $73,500
  • Insurance Expense: $6,911
  • Tenancy: Other
  • Total Annual Expenses Include: Insurance, Manager
  • Net Operation Income: $40,612.00
Unit 1
  • Approximate SQFT: 1302.0
  • Average Lease Amount: $1,550.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1302.0
  • Average Lease Amount: $1,400.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 1345.0
  • Average Lease Amount: $1,550.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 4
  • Approximate SQFT: 1345.0
  • Average Lease Amount: $1,625.00
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 1805 Park Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1805 Park Place

This home is within Sherman Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 5 to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Fairview Elementary School
PublicPK to 5

Dillingham Intermediate School
Public5 to 6

Piner Middle School
Public6 to 8

Sherman High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1805 Park Place is a multi-family home for sale in Sherman, TX 75092. This property was listed for sale on October 21, 2024 by eXp Realty LLC, it's currently listed at $795,000. It has been on the market for a total of 34 days and was last sold on May 21, 2015. This listing's school district is Sherman Independent School District. Nearby schools include Fairview Elementary School, Dillingham Intermediate School and Piner Middle School. 1805 Park Place is a 12-bed, 8-bath, 2,604 sqft multi-family home built in 1998.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty LLC, Cory Meals

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