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$250,000

8844 State Highway 56, Sherman, TX, 75090

$262,645 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.32 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Cooktop, Electric Oven
FlooringTile, Vinyl

Exterior

Exterior FeaturesAwning(s), Rain Gutters

About this property

Residential or Commercial, you decide!!! Welcome to this beautifully remodeled 3-bedroom, 1-bath home situated on a spacious 0.80-acre lot. This property offers a great combination of comfortable living space, versatile functionality, and excellent potential for a home-based business or commercial use. The home has been completely remodeled with new flooring and fresh interior and exterior paint, giving it a clean, updated look and feel. In addition to the three bedrooms, the property features a bonus room that can easily be customized to fit your needs—use it as a home office, additional bedroom, workout room, hobby space, or storage. A major highlight of the property is the 30' x 27' shop, providing plenty of room for a workshop, equipment, storage, business operations, or recreational use. With its location, generous acreage, flexible floor plan, and commercial possibilities, this property offers opportunities beyond the typical residential home. It could potentially serve as a store, boutique, office, or other commercial venture. Whether you're looking for a move-in-ready home with room to spread out, a property with substantial shop space, or a versatile location for your business, this property is ready to make your vision a reality!

Investor Tools

$0Estimated Mortgage Balance
$244,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$262,644
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Diane Sicking

Real Estate Shoppe TX, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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8844 State Highway 56 | Property Details | No Agent List