Travis Park Apartments 826 S Travis St 14 Unit Apartment Building For Sale Sherman, TX 75090

Summary:
The Multifamily Group is pleased to present the exclusive offering of Travis Park, a unique opportunity in Sherman, Texas. Built in 1965, this property features 14 units with an average size of 728 square feet, offering one and two-bedroom floor plans, with eight 800 SF two-bedroom units. The property currently has a 93% occupancy rate, with only one vacant unit. The owners have recently installed brand-new windows throughout the property. Travis Park is available for purchase without any existing debt.
Property Location:
Situated directly across from Washington Elementary School and just a quarter mile from Highway-75, Travis Park offers a prime location. Approximately an hour north of Dallas and just 15 minutes from Denison, the property is near the heart of historic Downtown Sherman. Residents enjoy convenient access to a variety of shopping, dining, and entertainment options, including the Sherman Town Center, Midway Mall, and Pecan Grove Park. With all K-12 schools within an eight-minute drive, and easy connectivity to I-75, Travis Park provides effortless access to daily necessities and popular destinations.
Sherman, Texas:
The Sherman-Denison area has a stable and growing employment base. The largest employers are education and health services. Denison has two regional health centers: The Wilson N. Jones Regional Health System and the Texoma Medical Center. The largest employers in Sherman are Tyson Foods and Texas Instruments (TI). This area has emerged as a hotbed for chip and semiconductor manufacturing. Sherman is building the 3,300-acre master-planned Progress Park, which will include sites for manufacturing, data centers, Headquarters, and research and development. TI has broken ground on a $30 billion campus, while GlobiTech has announced plans for a $5 billion facility. These developments will increase the steady demand for housing for current and future residents. Additionally, Lake Texoma is just 30 minutes away and offers 90,000-acres of boating, fishing, and swimming.