Sherman, TX 75090 1917 E Mulberry Street
$259,990



11 more












Presented By: Tracy Thomson with eXp Realty LLC; 469-714-2100
Home Details
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.
Presented By: Tracy Thomson with eXp Realty LLC; 469-714-2100
Interior Features for 1917 E Mulberry Street
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
Fireplaces Total0
Lock Box TypeCombo
Window FeaturesWindow Coverings
Basement Y/NNo
Dining Areas1
FlooringLuxury Vinyl Plank, Tile
Interior FeaturesBuilt-in Features, Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
Living Areas1
Total Stories1
Other Rooms
Room Count8
General for 1917 E Mulberry Street
AppliancesDisposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Refrigerator, Washer
Architctural StyleCraftsman, Traditional
Carport Spaces
CitySherman
Construction MaterialsFiber Cement, Siding, Wood
CoolingCentral Air, Electric, Wall Unit(s), Wall/Window Unit(s)
CountyGrayson
Directions-See GPS -
EasementsUtilities
Elementary SchoolDillingham
Elementary School NameDillingham
Full Baths2
HOA TypeNone
HeatingCentral, Electric
High SchoolSherman
LevelsOne
Listing Terms1031 Exchange, Cash, Contact Agent, FHA, Fixed, Owner Carry Second, Owner Will Carry, Private Financing Available
Number of Garage Spaces1
Occupant TypeTenant
Pool Y/NNo
PossessionLease Outstanding, Subject to Lease
Property SubtypeSingle Family Residence
Property TypeResidential
RestrictionsNo Sublease
RoofComposition
School DistrictSherman ISD
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameBelmont Add
Transaction TypeFor Sale
UtilitiesCity Sewer, City Water, Electricity Available
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1958
Year Built DetailsPreowned
Exterior for 1917 E Mulberry Street
Attached Garage Y/NYes
Covered Spaces1
Exterior FeaturesCovered Patio/Porch, Private Yard, Storage, Storm Cellar
FencingWood
Foundation Pillar/Post/Pier
Garage Y/NYes
Lot FeaturesFew Trees
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1380
Lot Size Area0.1380
Lot Size Square Feet6011.2800
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Concrete, Direct Access, Driveway, Off Street
Patio And Porch FeaturesCovered, Front Porch, Rear Porch, Side Porch
Soil TypeSandy Loam
Structural StyleSingle Detached
VegetationGrassed