5 Beds
3 Baths
3,978 SqFt
5 Beds
3 Baths
3,978 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,978 sqft
Subdivision Hilltop Estate Sub
MLS Listing ID 21335404
Style Barndominium,Victorian
Bedrooms 5
Full Baths 3
HOA Y/N None
Year Built 1910
Annual Tax Amount $6,323
Lot Size 1.480 Acres
Acres 1.48
Property Sub-Type Single Family Residence
Property Description
The centerpiece of the property is a nearly 4,000-square-foot Victorian-style home ready for renovation. With its impressive size, timeless architecture, and restoration potential, the home presents an excellent opportunity for a fix-and-flip project, long-term rental conversion, or owner-occupied renovation with built-in supplemental rental income.
Whether you're searching for an income-producing property, fix-and-flip opportunity, value-add investment, or multi-income real estate in Sherman, this property offers the flexibility investors are looking for. Continue collecting rental income during renovations, expand your investment portfolio, or unlock additional value through updates and improvements. Opportunities combining current cash flow with substantial appreciation potential are becoming increasingly difficult to find in the Sherman market.
This offering was previously marketed as part of an approximately 2.47-acre tract, but the owners have elected to subdivide the property, allowing the new owner to retain the approximately 1.48-acre portion featuring all of the existing income-producing improvements. By keeping the mobile home rental and RV hookup with the Victorian residence, this configuration provides the rare opportunity to acquire a property that combines immediate cash flow with substantial value-add and renovation potential, making it an attractive investment in today's market.
Location
State TX
County Grayson
Direction Take Highway 82 in Sherman and head east. Turn right onto FM 1417 South and continue for several miles. Turn left onto Plainview Road and follow it until you reach Sistrunk Road. Turn right onto Sistrunk Road and continue straight until you arrive at 4779 Sistrunk Road.
Rooms
Dining Room 1
Interior
Interior Features High Speed Internet Available, Kitchen Island, Walk-In Closet(s)
Heating Space Heater
Cooling Window Unit(s)
Flooring Hardwood, Luxury Vinyl Plank, Tile
Fireplaces Type None
Appliance Dishwasher, Electric Cooktop, Double Oven, Refrigerator
Heat Source Space Heater
Exterior
Fence Partial
Utilities Available City Water, Electricity Connected, Septic
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Wood
Schools
Elementary Schools Percy W Neblett
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21335404
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