826 S Travis St, Sherman, TX 75090

Summary:

The Multifamily Group is pleased to present the exclusive offering of Travis Park, a unique opportunity in Sherman, Texas. Built in 1965, this property features 14 units with an average size of 728 square feet, offering one and two-bedroom floorplans, with eight 800 SF two-bedroom units. Currently, the property has a 93% occupancy rate. The owners have performed extensive renovations at the property, including new windows throughout. Travis Park is available for purchase without any existing debt.

Property Location:

Situated directly across from Washington Elementary School and just a quarter mile from Highway-75, Travis Park offers a prime location. Approximately an hour north of Dallas and just 15 minutes from Denison, the property is near the heart of historic Downtown Sherman. Residents enjoy convenient access to a variety of shopping, dining, and entertainment options, including the Sherman Town Center, Midway Mall, and Pecan Grove Park. With all K-12 schools within an eight-minute drive, and easy connectivity to I-75, Travis Park provides effortless access to daily necessities and popular destinations.

Sherman, Texas:

The Sherman-Denison area has a stable and growing employment base. The largest employers are education and health services. Denison has two regional health centers: The Wilson N. Jones Regional Health System and the Texoma Medical Center. The largest employers in Sherman are Tyson Foods and Texas Instruments (TI). This area has emerged as a hotbed for chip and semiconductor manufacturing. Sherman is building the 3,300 master planned Progress Park that will include sites for manufacturing, data centers, Headquarters, and research and development. TI has broken ground on a $30 billion campus, while GlobiTech has announced plans for a $5 billion facility. These developments will increase the steady demand for housing for current and future residents. Additionally, Lake Texoma is just 30 minutes away and offers 90,000-acres of boating, fishing, and swimming.