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Multifamily

Heritage Row Townhomes

301 N Woods St, Sherman, TX 75092

Listing Price: $8,600,000

Cap Rate
4.16%
Number of Units
38
Occupancy
100.0%
Price/Unit
$226,316

Investment Overview

Marcus & Millichap is pleased to announce the listing of Heritage Row Town Homes in Sherman, Texas. Located at 301 N Woods St, this property consists of 38 units which are all two Bed two Bathroom. Tenants are responsible for their own electricity and water while the Owner pays for trash and lawn care. Heritage Row Town Homes were built in 2017 and sit just off Sam Rayburn Freeway which goes from Dallas through Oklahoma. The property features central HVAC, washer-dryer connections in each unit and covered parking. While being built in 2017, there is still room to push rents with rental comps in the area on new build properties around $200-$300 higher than current rents. This property offers an assumable loan at a 3.49 percent interest rate, 30-year amortization, with ten years remaining on the term. Texas Instruments (Nasdaq: TXN) has just invested 30 billion dollars to develop a new 300-mm semiconductor wafer fabrication plant which has just broken ground in May of 2022 and is set to be completed by 2025 which will be able to support 3,000 new jobs for employees north of the DFW metroplex. Sherman, Texas will be experiencing an increase in rental demand with the supply of rental units needing to be completed for the thousands of new jobs opening in the coming years.

Investment Highlights

  • Assumable loan at 3.49 percent interest rate
  • Built in 2017 and consists of all 2 Bd/Bth
  • Opportunity to raise rents $200-$300 per rental comps
  • Tenants are responsible for their own electricity and water
  • 30 billion dollar investment for FAB plants by Texas Instruments (Nasdaq: TXN)
  • Job Creation of at least 3,000 new employees and counting

Exclusively Listed By

Multifamily

Heritage Row Townhomes

Listing Price: $8,600,000

Cap Rate
4.16%
Number of Units
38
Occupancy
100.0%
Price/Unit
$226,316

Investment Highlights

  • Assumable loan at 3.49 percent interest rate
  • Built in 2017 and consists of all 2 Bd/Bth
  • Opportunity to raise rents $200-$300 per rental comps
  • Tenants are responsible for their own electricity and water
  • 30 billion dollar investment for FAB plants by Texas Instruments (Nasdaq: TXN)
  • Job Creation of at least 3,000 new employees and counting

Investment Overview

Marcus & Millichap is pleased to announce the listing of Heritage Row Town Homes in Sherman, Texas. Located at 301 N Woods St, this property consists of 38 units which are all two Bed two Bathroom. Tenants are responsible for their own electricity and water while the Owner pays for trash and lawn care. Heritage Row Town Homes were built in 2017 and sit just off Sam Rayburn Freeway which goes from Dallas through Oklahoma. The property features central HVAC, washer-dryer connections in each unit and covered parking. While being built in 2017, there is still room to push rents with rental comps in the area on new build properties around $200-$300 higher than current rents. This property offers an assumable loan at a 3.49 percent interest rate, 30-year amortization, with ten years remaining on the term. Texas Instruments (Nasdaq: TXN) has just invested 30 billion dollars to develop a new 300-mm semiconductor wafer fabrication plant which has just broken ground in May of 2022 and is set to be completed by 2025 which will be able to support 3,000 new jobs for employees north of the DFW metroplex. Sherman, Texas will be experiencing an increase in rental demand with the supply of rental units needing to be completed for the thousands of new jobs opening in the coming years.

Exclusively Listed By

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