4931 Texoma Parkway

Sherman, TX 75090

$1,350,000
Price
Beds
6,830 Sq. Ft.
$198 / Sq. Ft.
6,830
Sq. Ft.
$198
per Sq. Ft.

Description

Marvin Gardens is 26-unit Multifamily property with 100% occupancy and wait list. This Multifamily property is located in the booming Denison, Sherman market. Investor GEM in a high growth location and will provide high cash flow. 20x efficiency units, 3x - 1 bedroom, and 1x - 2 bedrooms, 2 Commercial Metal buildings and 7 storage units. Total of 26 units with 100% occupancy. All bills paid property with on-site Property manager. There are 3 single family home on the adjacent lots that are also available...Marvin Gardens is 26-unit Multifamily property with 100% occupancy and wait list. This Multifamily property is located in the booming Denison, Sherman market. Investor GEM in a high growth location and will provide high cash flow. 20x efficiency units, 3x - 1 bedroom, and 1x - 2 bedrooms, 2 Commercial Metal buildings and 7 storage units. Total of 26 units with 100% occupancy. All bills paid property with on-site Property manager. There are 3 single family home on the adjacent lots that are also available for sale. Texas Instruments is building $30B fab in Sherman and more future jobs in the area. 40 mins drive from NE Dallas fastest growing suburbs - Frisco and McKinney. A great cash flow investment opportunity in Denison, Sherman market. Pro-forma and Current Financials available on request. Please do NOT disturb tenants or management.
  1. Listed by Vic Reddy Pasham • TREC #0638106 • Colleen Frost Real Estate Serv • 469-280-0008

Property Details for 4931 Texoma Parkway

Subdivision Name
Shannon J B
Pool
No
Number Of Parking Spaces
35
LISTING UPDATED: 11/17/2024 11:00 PM

Property Details for 4931 Texoma Parkway

StatusActive
MLS #20742537
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1950
Lot Size1.70 AC / 73,921 SF
CountyGrayson County

Building Information for 4931 Texoma Parkway

Stories1Residences26Year Built1950Building Size-Lot Size1.70 AC / 73,921 SF

Property Information for 4931 Texoma Parkway

Summary
Location and General Information
  • Complex Name: Mervin Gardens
  • Directions: GPS
  • Elementary School: Hyde Park
  • Elementary School Name: Hyde Park
  • High School: Denison
  • High School Name: Denison
  • Middle School: Henry Scott
  • Year Built Details: Preowned
  • School District: Denison ISD
  • Geocode Confidence: Medium
  • Latitude: 33.69
  • Longitude: -96.58
  • State: Texas
Parking
  • Parking Features: Common, Gravel
Taxes and HOA Information
  • Tax Legal Description: G-1085 SHANNON J B A-G1085, ACRES 1.697, 7304
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Concrete
  • Heating: Electric
  • Interior Features: Other
  • Appliances: Electric Cooktop
  • Cooling: Wall Unit(s)
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Shingle
  • Number Of Units Total: 26
  • Levels: One
Property
Utilities
  • Utilities: All Weather Road, Asphalt, City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 1.697
  • Lot Size Area: 1.697
  • Lot Size Units: Acres
  • Lot Size Square Feet: 73921.32
  • Multi Parcel ID: No
  • Parcel Number: 151418
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 8.30%
  • Gross Annual Expenses: $110,170
  • Gross Annual Income: $222,196
  • Insurance Expense: $15,960
  • Net Operation Income: $112,026.00
Unit 1
  • Average Lease Amount: $995.00
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Average Lease Amount: $950.00
  • Living Area Length: 1.0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 3
Unit 3
  • Average Lease Amount: $875.00
  • Living Area Length: 1.0
  • Unit Type Type: Efficiency
  • Unit Type Units Total: 20

Property History for 4931 Texoma Parkway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4931 Texoma Parkway

Taxable ValueLand$146,780Additions$166,071Total$312,851
Tax Record2020$7,890 ($658 / month)
Home Facts
Total Finished SqFt6,830 SqFtAbove Grade Finished SqFt6,830 SqFtLot Size61,738 SqFtStyleDuplexYear Built1950Year Renovated1986CountyGRAYSONAPN151418

Schools near 4931 Texoma Parkway

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
Percy W Neblett 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.

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4931 Texoma Parkway is a multi-family home for sale in Sherman, TX 75090. This property was listed for sale on September 30, 2024 by Colleen Frost Real Estate Serv, it's currently listed at $1,350,000. This listing's school district is Sherman Independent School District. Nearby schools include Percy W Neblett Elementary School, Dillingham Intermediate School and Piner Middle School. 4931 Texoma Parkway is a 0-bed, 0-bath, 6,830 sqft multi-family home built in 1950.

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 Colleen Frost Real Estate Serv, Vic Reddy Pasham

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