Travis Park
- Majority 2-Bedroom Units
- 71% Occupied (Only 1 Vacant Unit)
- Features Brand New Windows Throughout
- Across the Street from the Washington Elementary School
- Easy Access to Hwy-75
- $69,000+ Median Household Income in a 1-Mile Radius (Yardi*)
- Within 2 Minutes of Historic Downtown Sherman
- Sherman-Denison Area Has Emerged as a Hotbed for Growth
- 150,000+ Estimated Sherman-Denison MSA Population
- Offered Free and Clear
Property Description
Summary: The Multifamily Group is pleased to present the exclusive offering of Travis Park, a unique opportunity in Sherman, Texas. Built in 1965, this property features 14 units with an average size of 728 square feet, offering one and two-bedroom floor plans, with eight 800 SF two-bedroom units. The property currently has a 71% occupancy rate, with only one vacant unit. The owners have recently installed brand-new windows throughout the property. Travis Park is available for purchase without any existing debt. Property Location: Situated directly across from Washington Elementary School and just a quarter mile from Highway-75, Travis Park offers a prime location. Approximately an hour north of Dallas and just 15 minutes from Denison, the property is near the heart of historic Downtown Sherman. Residents enjoy convenient access to a variety of shopping, dining, and entertainment options, including the Sherman Town Center, Midway Mall, and Pecan Grove Park. With all K-12 schools within an eight-minute drive, and easy connectivity to I-75, Travis Park provides effortless access to daily necessities and popular destinations. Sherman, Texas: The Sherman-Denison area has a stable and growing employment base. The largest employers are education and health services. Denison has two regional health centers: The Wilson N. Jones Regional Health System and the Texoma Medical Center. The largest employers in Sherman are Tyson Foods and Texas Instruments (TI). This area has emerged as a hotbed for chip and semiconductor manufacturing. Sherman is building the 3,300-acre master-planned Progress Park, which will include sites for manufacturing, data centers, Headquarters, and research and development. TI has broken ground on a $30 billion campus, while GlobiTech has announced plans for a $5 billion facility. These developments will increase the steady demand for housing for current and future residents. Additionally, Lake Texoma is just 30 minutes away and offers 90,000-acres of boating, fishing, and swimming.
Broker Details
The Multifamily Group
972-379-9843
MLS ID: 0635789 State License Number: 0635789
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| Property Types: | Apartment Buildings |
| No. of Units: | 14 |
| Average Occupancy: | 93 |
| Year Built: | 1965 |
| Building Size: | 20,038 Sq ft |
| Lot Size: | 0.46 Acres |
| No. of Stories: | 2 |
| APN: | 165875 |
| Opportunity Zone: | No |
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