1505 North Broughton Street

Sherman, TX 75090

$115,000
Price
3
Beds
3
Baths
1,486 Sq. Ft.
$77 / Sq. Ft.
1,486
Sq. Ft.
$77
per Sq. Ft.

Description

Excellent investment opportunity to own a duplex in fast growing Sherman, TX! Both units are tenant-occupied and leased on month-to-month basis. First unit has 2 bedrooms and 2 bathrooms and rents for $600 a month. Second unit is one bedroom, one bath and rents for $500 a month. Property needs some work and is priced accordingly. Tenants own appliances. Enclosed garage located behind duplex.Excellent investment opportunity to own a duplex in fast growing Sherman, TX! Both units are tenant-occupied and leased on month-to-month basis. First unit has 2 bedrooms and 2 bathrooms and rents for $600 a month. Second unit is one bedroom, one bath and rents for $500 a month. Property needs some work and is priced accordingly. Tenants own appliances. Enclosed garage located behind duplex.
  1. Listed by Kimberly Hudgins • TREC #0624491 • PARAGON, REALTORS • 903-893-8174

Property Details for 1505 North Broughton Street

Subdivision Name
Jones & Summitt Add
Pool
No
Garage Spaces
2
Number Of Parking Spaces
4

Location

Listing Courtesy of PARAGON, REALTORS, Kimberly Hudgins
Add your commute
LISTING UPDATED: 04/28/2024 01:41 PM

Property Details for 1505 North Broughton Street

StatusPending
MLS #20581863
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1940
Lot Size0.11 AC / 5,009 SF
CountyGrayson County

Location

Listing Courtesy of PARAGON, REALTORS, Kimberly Hudgins
Add your commute

Building Information for 1505 North Broughton Street

Stories1Residences2Year Built1940Building Size-Lot Size0.11 AC / 5,009 SF

Payment Calculator

$772 per month

30 year fixed, 7.25% Interest

Principal and Interest

$628

Property Taxes

$144

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1505 North Broughton Street

Summary
Location and General Information
  • Block: 4
  • Complex Name: 1503 & 1505 N Broughton
  • Directions: Hwy 75 to exit 61 for Texoma Parkway. Proceed 0.3 mile to right on N. Broughton. House will be on the left, across from the Senior Center. No sign in yard.
  • Elementary School: Dillingham
  • Elementary School Name: Dillingham
  • High School: Sherman
  • High School Name: Sherman
  • Middle School: Sherman
  • Year Built Details: Preowned
  • School District: Sherman ISD
  • Geocode Confidence: High
  • Latitude: 33.65
  • Longitude: -96.61
  • State: Texas
Parking
  • Parking Features: Garage Double Door, Driveway
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: JONES & SUMMITT ADDN, BLOCK 4, LOT PT 7 & 8,
  • Association Type: None
  • Tax Lot: 7
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet
  • Heating: Central, Electric
  • Interior Features: Eat-in Kitchen, High Speed Internet Available
  • Appliances: None
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Fiber Cement, Wood
  • Fencing: Partial
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Exclusions: Appliances
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Few Trees
  • Lot Size Acres: 0.115
  • Lot Size Area: 0.115
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5009.4
  • Multi Parcel ID: No
  • Parcel Number: 157441
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 10.83%
  • Gross Annual Expenses: $750
  • Gross Annual Income: $13,200
  • Insurance Expense: $750
  • Tenancy: Month to Month
  • Total Annual Expenses Include: Insurance
  • Net Operation Income: $12,450.00
Unit 1
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 2
  • Living Area Length: 1.0
  • Unit Type Type: 1 Bedroom

Property History for 1505 North Broughton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1505 North Broughton Street

Taxable ValueLand$29,680Additions$70,110Total$99,790
Tax Record2022$1,727 ($144 / month)
Home Facts
Beds0Total Finished SqFt1,486 SqFtAbove Grade Finished SqFt1,486 SqFtLot Size5,001 SqFtStyleSingle Family ResidenceYear Built1940CountyGRAYSONAPNS023 2122018

Schools near 1505 North Broughton Street

This home is within Sherman Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Wakefield Elementary School
PublicPK to 4

Dillingham Intermediate School
Public5 to 6

Piner Middle School
Public7 to 8

Sherman High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PARAGON, REALTORS, Kimberly Hudgins

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