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$385,000

1518 S Austin St, Sherman, TX, 75090

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,275 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.23 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Water Heater, Gas Range
FlooringLuxury Vinyl Plank

Exterior

Exterior FeaturesLighting, Storage
Lot Size9,365 sqft

Building Information

Year Built1995
Garage Spaces4

Land Information

APNS052 2646002
Lot Number21R
SubdivisionMayhews Second Supplement Replat Pt 20 &
Land UseResidential
Legal DescriptionMAYHEWS SECOND SUPPLEMENT REPLAT PT 20 & 21, BLOCK 1, LOT 21R, ACRES 0.215
Census Tract001700
Assessed Land Value$53,008
Assessed Improvement Value$123,747
Assessment Year2026

About this property

Discover the potential of this large commercial building, now zoned as a full residential home. The centerpiece is a full kitchen featuring a 6 ft. island and breakfast nook. A living area, two nice-sized bedrooms and a full office, providing ample space for both work and relaxation. The property includes a 14 ft. roll-up door that accommodates a 40 ft. RV, along with a safe room for added security. Constructed with 2x6 wall studs and double insulation throughout, this building insures durability and comfort. The expansive 70x30 building offers 10 to 12 parking areas, catering to your needs. Located close to Hwy. 75 and downtown Sherman.

Investor Tools

$0Estimated Mortgage Balance
$214,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

DEBBIE HUDNALL

Compass RE Texas, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$127/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$456
$176,262
2026
$53,008
$123,747
$176,755
No

Tax History

Year
Tax Paid
Assessed Value
2025
$456
$176,262

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$214,000
100%
0%
$0/mo

City: Sherman

1518 S Austin St | Property Details | No Agent List