$8,000,000
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3.07 Acres Lot
SOLD DATE : 06/23/2023
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Mcanair
MLS Listing ID 20179643
Sold Date 06/23/23
HOA Y/N None
Total Fin. Sqft 65986
Year Built 1968
Annual Tax Amount $63,320
Lot Size 3.071 Acres
Acres 3.071
Property Description
Incredible investment opportunity!!! 68-unit senior living apartment complex in the heart of Sherman. All units are occupied and there is a waiting list. This complex has a wonderful, experienced property manager that would like to stay after the completion of the sale. All units have an all-bills-paid leasing agreement. Located in a great neighborhood with convenient access to highway 75. Please contact listing agent for more information.
Location
State TX
County Grayson
Community Community Pool, Perimeter Fencing
Direction From highway 75 south, exit for Travis Street and continue on Sam Rayburn access road. Entrance is between Birge and Brockett Streets. There is also an entrance from Woods Street; turn on College Street and head straight.
Interior
Interior Features Built-in Features, Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Tile, Vinyl
Appliance Dishwasher, Electric Range
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch, Rain Gutters, Uncovered Courtyard
Carport Spaces 2
Fence Wood
Pool In Ground
Community Features Community Pool, Perimeter Fencing
Utilities Available All Weather Road, City Sewer, City Water
Roof Type Composition
Parking Type Assigned, Covered, Parking Lot, Paved, Varies by Unit
Total Parking Spaces 112
Garage No
Private Pool 1
Building
Lot Description Acreage, Interior Lot
Story Two
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Wakefield
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Senior Community 1
Ownership LMH Trust
Acceptable Financing 1031 Exchange, Cash, Contact Agent, Conventional
Listing Terms 1031 Exchange, Cash, Contact Agent, Conventional
Financing Conventional
Special Listing Condition Aerial Photo, Age-Restricted
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Bought with Sesha Gorantla • Sun Star Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "