1917 E Mulberry Street

Description

Investor Alert! Fully Renovated Rental Property with Strong Lease in PlaceWelcome 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 CountertopsNew Milwork: Doors - Base Trim - Window TrimCustom tiled shower & FloorFully Updated Bathrooms - Showers - toilets - Vanities - Hardware - and Accessories ?? Investor Highlights:Current monthly rent: $1995 Lease through: February 28, 2027 (Thats nearly two full years of passive income already locked in)Annual gross rent: $23,940Estimated 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.