Investor Opportunity with Immediate Cash Flow and Value-Add Potential in Sherman, TX! Discover the investment potential at 4779 Sistrunk Road, a 1.48-acre income-producing property offering multiple revenue streams and significant upside. The property currently generates $1,200 per month in rental income from a mobile home leased for $750 per month and an RV hookup rented for $450 per month, providing immediate cash flow while you execute your investment strategy.
The centerpiece of the property is a nearly 4,000-square-foot Victorian-style home ready for renovation. With its impressive size, timeless architecture, and restoration potential, the home presents an excellent opportunity for a fix-and-flip project, long-term rental conversion, or owner-occupied renovation with built-in supplemental rental income.
Whether you're searching for an income-producing property, fix-and-flip opportunity, value-add investment, or multi-income real estate in Sherman, this property offers the flexibility investors are looking for. Continue collecting rental income during renovations, expand your investment portfolio, or unlock additional value through updates and improvements. Opportunities combining current cash flow with substantial appreciation potential are becoming increasingly difficult to find in the Sherman market.
This offering was previously marketed as part of an approximately 2.47-acre tract, but the owners have elected to subdivide the property, allowing the new owner to retain the approximately 1.48-acre portion featuring all of the existing income-producing improvements. By keeping the mobile home rental and RV hookup with the Victorian residence, this configuration provides the rare opportunity to acquire a property that combines immediate cash flow with substantial value-add and renovation potential, making it an attractive investment in today's market.
3 days
|
546
|
47
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Eli Ersch0742003903-224-5171,
Easy Life Realty903-224-5171
Source: NTREIS,MLS#: 21335404
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Primary bedroom
Features: Walk-In Closet(s)
Level: First
Dimensions: 0 x 0
Bedroom
Level: First
Dimensions: 0 x 0
Bedroom
Level: Second
Dimensions: 0 x 0
Bedroom
Level: Second
Dimensions: 0 x 0
Bedroom
Level: Second
Dimensions: 0 x 0
Primary bathroom
Level: First
Dimensions: 0 x 0
Other
Level: First
Dimensions: 0 x 0
Other
Level: Second
Dimensions: 0 x 0
Living room
Level: First
Dimensions: 0 x 0
Utility room
Features: Built-in Features
Level: First
Dimensions: 0 x 0
Heating
Space Heater
Cooling
Window Unit(s)
Appliances
Included: Double Oven, Dishwasher, Electric Cooktop, Refrigerator
Features
High Speed Internet, Kitchen Island, Walk-In Closet(s)
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.