NOT LISTED FOR SALE

106 W Fairview St Unit 108 Sherman, TX 75092

Estimated Value: $304,000

20 Beds
19 Baths
12,000 Sq Ft
$25/Sq Ft Est. Value

Last Sold May 13, 2021

Current estimated payment $2,071/month

8 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Balcony
  • Outdoor Storage
  • High Speed Internet

About This Home

As of May 2021

CALLING ALL INVESTORS!! A rare opportunity to own multiple units in a prime west Sherman location. There are 5 duplexes fully occupied plus a large garage for storage or potential for additional income. Each building is 2,400 square feet, 1,200 per unit with 2 bedrooms, 1.5 bathrooms and the kitchens come fully equipped with all appliances. Current pro forma rent roll is $10,000+ per month. Roof replaced in 2019. Each bedroom has a balcony, 8 covered parking spots, each unit has washer and dryer hook ups. Tenant pay gas and electric, owner pays water and yard mowing. Huge upside on rental income and property value, don't miss this chance to own property in this growing market!

Last Agent to Sell the Property

Bill Westhoff

C-21 DEAN GILBERT, REALTORS License #0646882 Listed on: 03/19/2021

Last Buyer's Agent

Kimberly Christensen

EXP REALTY License #0451288

EXP REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,592

Year Built

  • Built in 1966

Lot Details

  • 6,708 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 12,000 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 20 Bedrooms

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage
  • Rain Gutters

Schools

  • Fairview Elementary School
  • Piner Middle School
  • Dillingham Middle School
  • Sherman High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 10 Units
  • 12,000 Sq Ft Building
  • Shannon W M Suppl Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 158058
  • $20,758 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,592

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 68742
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 93.33333
  • Special Features: None
  • Year Built: 1966

Interior Features

  • Square Footage: 12000.00
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator

Beds/Baths

  • Full Bathrooms: 10
  • Half Bathrooms: 9
  • Total Bedrooms: 20

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Balcony, Covered Patio/Porch, Rain Gutters, Storage
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 10
  • Parking Features: Assigned, Covered
  • GarageYN: No

Utilities

  • Heating: Central, Natural Gas
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: The Arbors
  • Association Type: None

Schools

  • School District: Sherman ISD
  • Elementary School: Fairview
  • Intermediate School: Dillingham
  • High School: Sherman

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.1540
  • Parcel Number: 158058
  • Lot Size Acres: 0.1540
  • Lot Size Sq Ft: 6708.2400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1966
  • Units Total: 10
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 33858.00
  • Gross Annual Income: 102600.00
  • Insurance Expense: 5000
  • Unit Count: 10

Tax Info

  • Unexempt Taxes: 20758
  • TaxBlock: 2
  • Tax Lot: 1

MLS Schools

  • MiddleOrJuniorSchool: Piner
  • Middle School Name: Piner
  • Elementary School Name: Fairview
  • High School Name: Sherman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2023
Sold by
Yi Ji
Bought by
Fractional N Travis Llc
Current Estimated Value
$304,000

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 13, 2021
Sold by
Sprout Investments Llc
Bought by
Ji Yi
Seller's Agent
Bill Westhoff
C-21 DEAN GILBERT, REALTORS
Buyer's Agent
Kimberly Christensen
EXP REALTY
List Price
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.35%
Original Mortgage
$800,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fractional N Travis Llc -- None Listed On Document
Ji Yi -- Capital Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ji Yi $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold -- -- --
03/27/2021 03/27/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,150,000 -- $96 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,592 $273,935 $17,069 $256,866
2024 $5,592 $254,964 $17,069 $237,895
2023 $6,143 $279,791 $12,964 $266,827
2022 $5,108 $217,945 $43,666 $174,279
2021 $4,593 $183,240 $39,178 $144,062
2020 $4,182 $159,362 $18,749 $140,613
2019 $3,556 $131,940 $9,475 $122,465
2018 $3,271 $130,361 $6,518 $123,843
2017 $2,962 $118,996 $6,518 $112,478
2016 $1,932 $77,595 $6,518 $71,077
2015 $0 $73,498 $6,518 $66,980
2014 -- $73,498 $6,518 $66,980
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bill Westhoff

    C-21 DEAN GILBERT, REALTORS

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14535352

North Texas Real Estate Information Systems (NTREIS)

APN: 158058

Texas Grayson County Sherman 75092

106 W Fairview St Unit 108, Sherman, TX

Not Listed for Sale

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