1917 E MULBERRY STREET, SHERMAN, TX 75090
Homes for sale in Sherman.
Homes for sale in 75090.
1917 E Mulberry Street
Sherman, TX 75090
List Price$259,990
Listing #20945466
About This Property
Investor Alert! Fully Renovated Rental Property with Strong Lease in Place Welcome to 1917 E Mulberry St, Sherman, Texas--a high-performing turnkey investment with major capital improvements already taken care of and a reliable tenant in place. This 4-bedroom, 2-bath home blends classic charm with modern updates and offers solid cash flow from day one. ?? Big-Ticket Updates Already Completed: New Gutters (November 2023) New HVAC (June 2022) New Hardy Siding (2023) New Roof (May 2022) Custom Cedar Garage Door New Waterproof Luzury Vinyl Plank (LVP) New Windows (May 2022) New Electrical Panel - Meter Base - Complete Wiring. (May 2022) Custom Kitchen Cabinets & Quartz Countertops New Milwork: Doors - Base Trim - Window Trim Custom tiled shower & Floor Fully Updated Bathrooms - Showers - toilets - Vanities - Hardware - and Accessories ?? Investor Highlights: Current monthly rent: $1995 Lease through: February 28, 2027 (That's nearly two full years of passive income already locked in) Annual gross rent: $23,940 Estimated ROI: 8--10% depending on purchase price and financing--ask for a breakdown! Inside, tenants enjoy an open-concept layout with abundant natural light, a fully updated kitchen featuring granite countertops, stainless appliances, and sleek cabinetry. The master suite offers a private bathroom with contemporary finishes, and the three additional bedrooms provide flexibility for families or roommates. ??? With all major systems recently updated, this property offers a low-maintenance investment in a high-demand rental area. ?? Located in a friendly Sherman neighborhood near schools, parks, and commuter routes--keeping tenant retention strong. ?? Seller is willing to offer concessions to help with closing costs or rate buy-down. Whether you're expanding your portfolio or entering the investment game, this property checks all the boxes: long-term lease, updated infrastructure, and positive cash flow potential.
Property Features
Location Information
County
Grayson
Subdivision
Belmont Add
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Full Bath, First Floor Kitchen, First Floor Living Room, First Floor Primary Bathroom, First Floor Primary Bedroom
Has Fireplace
No
Interior
Built-in Features, Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
Number of Fireplaces
0
Master Bedroom Description
1 x 1
Heating
Central, Electric
Full Baths
2
Cooling
Central Air, Electric, Wall Unit(s), Wall/Window Unit(s)
Living Room Description
1 x 1
Floors
Luxury Vinyl Plank, Tile
Kitchen Description
1 x 1
Appliances
Dryer, Electric Cooktop, Electric Oven, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Exterior Features
Style
Craftsman, Traditional, Detached
Garage Spaces
1
Stories
1
Fencing
Wood
Construction
Fiber Cement, Wood Siding
Patio / Deck Description
Rear Porch, Front Porch, Side Porch, Covered
Exterior
Private Yard, Storage
Pool Description
None
Foundation
Pillar/Post/Pier
Lot Description
Few Trees
Roof
Composition
Lot Size in Acres
0.138
Water / Sewer
Electricity Available, Sewer Available, Water Available
Lot Size in Sq. Ft.
6,011
Utilities
Electricity Available, Sewer Available, Water Available
Is One Story
Yes
Security System
Carbon Monoxide Detector(s), Smoke Detector(s)
Lot Description
Few Trees
Parking Description
Additional Parking, Concrete, Direct Access, Driveway, Off Street
Windows Description
Window Coverings
Has Garage
Yes
School
Elementary School District
Sherman ISD
Jr. High School
Sherman
Elementary School
Dillingham
High School
Sherman
Additional Information
Year Built Details
Preowned
Year Built
1958
Property Type
SFR
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Single Family Residence
Similar Listings
Mortgage Calculator
$1,212
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$936
Monthly Tax
$216
Monthly Insurance
$60
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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