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$309,000

115 N Mckown Avenue 113, Sherman, TX, 75092

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths868 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher
FlooringVinyl

Exterior

Lot Size7,200 sqft

Building Information

Year Built1965
Garage Spaces2

Land Information

APNS035 2102019
Lot Number5,50
SubdivisionGreenmount 1st Addn
Land UseReal-Residential Duplexes
Legal DescriptionGREENMOUNT 1ST ADDN, BLOCK 3, LOT 5, 50 X 144, ACRES .1653 50 X 144
Census Tract001300
Assessed Land Value$52,272
Assessed Improvement Value$120,368
Assessment Year2025

About this property

Incredible investment opportunity in Sherman! Very well-maintained duplex (full duplex) with 2 bedrooms, 1 bathroom, and 1 living area per side. Both units have been updated with vinyl flooring, quartz countertops, and new cabinets. Sherman is one of the fastest-growing areas in North Texas. New companies are building and population growth is estimated to double in the next five to ten years. Don't miss this great opportunity.

Investor Tools

$0Estimated Mortgage Balance
$216,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

Interested in this property?

Rex Rhorer

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,490
$172,640
2025
$52,272
$120,368
$172,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,490
$172,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$216,000
100%
0%
$0/mo

City: Sherman