• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of United Real Estate- MLS# 21284490MLS ProviderContact Information: Robert Genera - 972-974-0956

1503 E Wells AvenueSherman, TX 75090

Multi-Family · 5 Beds · 2 Full Baths · 1,469 Sq. ft. | 0.21 Acres
$229,900 Active

1503 E Wells Avenue Overview

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Great income producing duplex: 1501 and 1503 E Wells Ave, Sherman, TX 75090. Both units have been remodeled and are rented with 1-year leases for $995 each. 1501 is driveway parking, and 1503 has driveway parking plus a detached garage. 1503 rear unit has a garage conversion completed with washer and dryer hook ups. This is a turnkey, ready to go investment property. All remodeled and leased, and no deferred maintenance.

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1503 E Wells Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,469
  • Price/Sq.ft. $157
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Sherman ISD
  • Elementary School: Crutchfield
  • Middle Or Junior School: Sherman
  • High School: Sherman

Income/Expenses

  • Gross Income: 24000.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 19572.0
  • Operating Expense Includes: Insurance

Building Information

  • Year Built: 1956
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Grayson
  • Postal City: SHERMAN
  • Subdivision Name: Linnstead J C Add

Tax Information

  • Tax Annual Amount: 3527.0

General Information

  • Listing Terms: Cash,Conventional,Contract,1031 Exchange,FHA,VA Loan
  • Parcel Number: 164751
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 1469.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal
  • Basement: No
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: High Speed Internet,Open Floorplan
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Additional Parking,Converted Garage,Common,Concrete,Driveway,Enclosed,Garage Faces Front,Garage,Garage Door Opener,Lighted,On Site,Off Street,Private
  • Parking Total: 2.0

Lot Information

  • Lot Size Acres: 0.207
  • Lot Size Area: 0.207
  • Lot Size Square Feet: 9016.92
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick,Wood Siding
  • Roof: Composition

General Information

  • Covered Spaces: 1.0
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Electricity Connected,Sewer Available,Separate Meters,Underground Utilities,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 2

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1503 E Wells Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1503 E Wells Avenue Market Data

Based on the last 30 days in this zip code

$342,725
Average List Price
$177
Average Price per Square Foot
35
Properties Sold
213
Average Days on Market
301
Properties for Sale
Calculations provided by Reliance Network


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