Welling Apartments

Under Contract
DOWNTOWN SHERMAN
MULTIFAMILY
13 Units
517-523 S. TRAVIS STREET SHERMAN, TX
Representing Seller
Property Photos

Price:  $1,100,000   |  NOI: $88,490  |   8% CAP

This stabilized multifamily property is an ideal investment opportunity. Boasting 100% occupancy and an average of 97.5% over the past five years, the property is well-positioned in a prime location with convenient access to the downtown square and major highways. It features a diverse unit mix, including large efficiencies, 1-bedroom, and 2-bedroom apartments, with the added convenience of on-site laundry and washer/dryer hookups in the 2-bedroom units. Residents enjoy ample parking, and recent improvements include new roofs installed in September 2024, a new fence along the south side in August 2024, and a new stairwell for the duplex added in September 2024. Currently self-managed by the owner, this property offers a secure, income-generating investment with consistent occupancy in a high-demand area.

 

Click on the CA Agreement (to the right), complete the form and submit to access the financial documents and Offer Memorandum. Documents will be auto-emailed to you from [email protected] (check your spam folder if you don’t see an email in your inbox).

Documents

Sign our Confidentiality Agreement to receive the property documents via email.