Investor Alert! Fully Renovated Rental Property with Strong Lease in Place
Welcome to 1917 E Mulberry St, Sherman, Texas—a 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 (That’s nearly two full years of passive income already locked in)
Annual gross rent: $23,940
Estimated ROI: 8–10% depending on purchase price and financing—ask 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 routes—keeping 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.
For sale
Price increase: $10K (5/24)
$259,990
1917 E Mulberry St, Sherman, TX 75090
4beds
1,561sqft
Est.:
Single Family Residence
Built in 1958
6,011.28 Square Feet Lot
$257,300 Zestimate®
$167/sqft
$-- HOA
What's special
Fully updated bathroomsAbundant natural lightStainless appliancesGranite countertopsSleek cabinetryOpen-concept layout
- 73 days
- on Zillow |
- 265 |
- 27 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 12:11pm
Listed by:
Tracy Thomson 0764248 469-714-2100,
EXP REALTY 888-519-7431
Source: NTREIS,MLS#: 20945466
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom
- Level: First
- Dimensions: 1 x 1
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 1 x 1
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 1 x 1
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 1 x 1
Primary bathroom
- Features: Built-in Features, En Suite Bathroom, Stone Counters
- Level: First
- Dimensions: 1 x 1
Other
- Level: First
- Dimensions: 1 x 1
Kitchen
- Features: Built-in Features, Stone Counters
- Level: First
- Dimensions: 1 x 1
Living room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 1 x 1
Heating
- Central, Electric
Cooling
- Central Air, Electric, Wall Unit(s), Wall/Window Unit(s)
Appliances
- Included: Dryer, Electric Cooktop, Electric Oven, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Features
- Built-in Features, Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
- Flooring: Luxury Vinyl Plank, Tile
- Windows: Window Coverings
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 1,561 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Additional Parking, Concrete, Direct Access, Driveway, Off Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Front Porch, Side Porch, Covered
- Exterior features: Private Yard, Storage
- Pool features: None
- Fencing: Wood
Lot
- Size: 6,011.28 Square Feet
- Features: Few Trees
- Residential vegetation: Grassed
Details
- Parcel number: 160831
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,Traditional,Detached
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Belmont Add
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $247,835
- Annual tax amount: $5,436
- Date on market: 5/22/2025
- Electric utility on property: Yes
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