Description
1917 E Mulberry Street,
Sherman,
TX
75090
Investor Alert! Fully Renovated Rental Property with Strong Lease in Place Welcome to 1917 E Mulberry St, Sherman, Texasa 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) 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 (Thats nearly two full years of passive income already locked in) Annual gross rent: $23,940 Estimated ROI: 810% depending on purchase price and financingask 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 routeskeeping tenant retention strong. ?? 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.
This is an Active listing.
Broker Office Phone Number: 888-519-7431
Copyright © 2025North Texas Real Estate Information Systems, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Fenced
- Garbage Disposal
- Patio
- Porch
- Refrigerator
- Tile Flooring
- Vinyl Flooring
- Walk-in Closet
- Dryer Included
- Composition Shingle Roof
- Driveway
- Off Street Available
Listing By: eXp Realty LLC via Data Source: North Texas Real Estate Information Systems, Inc.
Single Family Home
Property type
Sherman Independent
School District
Sherman Independent
School District
sherman-isd-sherman-tx
Schools
Dillingham
Elementary
Price History
date | price | variance | type |
---|
5/25/2025 | $259,990 | 4.00 % | increased |
5/23/2025 | $249,990 | - | Listed |
listing agent: Tracy Thomson