320 N Cleveland AVE Sherman, TX 75090
5 Beds
3 Baths
3,847 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,847 sqft
Price per Sqft $103
Subdivision College Park Add
MLS Listing ID 21227961
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1979
Annual Tax Amount $8,366
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Triplex
Property Description
The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. An added value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment—creating even greater income potential.
Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer.
Current Leases:
320 Mulberry – $1,100 a month, lease through November 30, 2026
320 N. Cleveland – $1,080 a month, lease through August 31, 2026
1520 Mulberry – $1,100 a month, lease through November 30, 2026
Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
Location
State TX
County Grayson
Direction From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry
Interior
Interior Features Decorative/Designer Lighting Fixtures, High Speed Internet, Other, Cable TV, Wired for Sound
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Laminate
Fireplace No
Appliance Electric Range
Exterior
Parking Features Common, Driveway
Garage Spaces 1.0
Pool None
Utilities Available Natural Gas Available, Other, Sewer Available, Separate Meters, Water Available, Cable Available
Water Access Desc Public
Roof Type Composition
Accessibility Accessible Approach with Ramp
Total Parking Spaces 8
Garage Yes
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Schools
Elementary Schools Crutchfield
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Tax ID 161149
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21227961
Nearby Locations
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