517 523 S Travis St
Sherman, TX 75090
- – beds
- – baths
- – sqft
- 10,933 sqft lot
- 1946 build
- – on site
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.
Last checked:
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Last updated Nov 14, 2024
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MLS# 20576286 —
The Building
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Year Built:1946
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Year Built Details:Preowned
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Accessibility Features:No
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Roof:Composition, Mixed
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Foundation Details:Combination, Pillar/Post/Pier, Slab
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Levels:Two
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Construction Materials:Brick
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Building Area Total:9065.00
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Building Area Source:Owner
Interior
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Interior Features:Built-in Features
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Flooring:Concrete
Location
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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.
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Latitude:33.63215300
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Longitude:-96.60760300
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:163302 213579
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Lot Size SqFt:10933.5600
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Lot Size Acres:0.2510
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Lot Size Area:0.2510
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Lot Size Units:Acres
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# of Buildings:2
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20576286
Heating & Cooling
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Heating:Central, Electric
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Cooling:Central Air, Electric
Utilities
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Utilities:City Sewer, City Water, Individual Gas Meter, Individual Water Meter
Appliances
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Appliances:Electric Range, Refrigerator
Schools
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School District:Sherman ISD
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Elementary School:Washington
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Elementary School Name:Washington
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Middle School Name:Piner
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Intermediate School Name:Dillingham
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High School Name:Sherman
The Community
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Subdivision Name:G-0056
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Pool:No
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Association Type:None
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Complex Name:The Welling Apartments
Parking
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Garage:No
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Attached Garage:No
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# of Parking Spaces:20
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Parking Features:Asphalt
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/7/24
Nov 7, 2024
|
Price Changed | NTREIS | $1,100,000 | -6.4% |
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10/10/24
Oct 10, 2024
|
Relisted | NTREIS | $1,175,000 | |
|
7/29/24
Jul 29, 2024
|
Pending | NTREIS | $1,175,000 |
