1200 W Taylor St | Sherman, TX 75092
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- LoopNet Team
1200 W Taylor St
Sherman, TX 75092
The Parks on Taylor · Multifamily Property For Sale
·
201 Units
INVESTMENT HIGHLIGHTS
- Texas Instruments and GlobiTech Are Investing $35 Billion To Create Thousands of High-Paying Jobs in Sherman
- 143 of 201 Units Have Been Renovated with $100-$150 Proven Rent Increases
- $4.4MM in Value-Add Potential
- All Exteriors Painted in 2022
- Effective Rent Growth for Sherman is 6.6% Y-O-Y (Yardi)
- Easy Access to I-75 and TX Hwy-82 for Quick Commutes for Daily Necessities
PROPERTY FACTS
| No. Units | 201 | Lot Size | 1.86 AC |
| Property Type | Multifamily | Building Size | 160,828 SF |
| Property Subtype | Apartment | Average Occupancy | 73% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1979 |
| Zoning | R-2 | ||
| No. Units | 201 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.86 AC |
| Building Size | 160,828 SF |
| Average Occupancy | 73% |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Pet Play Area
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 89 | - | 625 - 734 |
| 2+1 | 48 | - | 850 |
| 2+1.5 | 40 | - | 886 |
| 2+2 | 24 | - | 1,003 |
PROPERTY TAXES
| Parcel Number | 158505 | Improvements Assessment | $15,104,409 |
| Land Assessment | $602,261 | Total Assessment | $15,706,670 |
PROPERTY TAXES
Parcel Number
158505
Land Assessment
$602,261
Improvements Assessment
$15,104,409
Total Assessment
$15,706,670
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