4 Beds
2 Baths
1,561 SqFt
4 Beds
2 Baths
1,561 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,561 sqft
Price per Sqft $166
Subdivision Belmont Add
MLS Listing ID 20945466
Style Craftsman,Traditional
Bedrooms 4
Full Baths 2
HOA Y/N None
Year Built 1958
Lot Size 6,011 Sqft
Acres 0.138
Property Sub-Type Single Family Residence
Property Description
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)
Outbuilding 248 sf.
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.
Motivated 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.
Location
State TX
County Grayson
Direction -See GPS -
Rooms
Dining Room 1
Interior
Interior Features Built-in Features, Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric, Wall Unit(s), Wall/Window Unit(s)
Flooring Luxury Vinyl Plank, Tile
Appliance Disposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Refrigerator, Washer
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch, Private Yard, Storage, Storm Cellar
Garage Spaces 1.0
Fence Wood
Utilities Available City Sewer, City Water, Electricity Available
Roof Type Composition
Total Parking Spaces 1
Garage Yes
Building
Lot Description Few Trees
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Fiber Cement,Siding,Wood
Schools
Elementary Schools Dillingham
Middle Schools Sherman
High Schools Sherman
School District Sherman Isd
Others
Restrictions No Sublease
Ownership SEE TAX RECORDS
Acceptable Financing 1031 Exchange, Cash, Contact Agent, FHA, Fixed, Owner Carry Second, Owner Will Carry, Private Financing Available
Listing Terms 1031 Exchange, Cash, Contact Agent, FHA, Fixed, Owner Carry Second, Owner Will Carry, Private Financing Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20945466
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