Sherman, TX 75090 403-405 N Burdette Avenue
$365,000
Pending
32 more
- MLS# 20873844
- 03/18/2025
Presented By: Brandy Landon with Milestone Premier Properties; 903-462-0282
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 6
Baths • 4
SQFT • 2,414
Year Built • 2005
Home Details
Turnkey Income-Producing Duplex in Prime Sherman Location! Investors, take note! This fully leased duplex at 403-405 N Burdette Ave offers an incredible opportunity to step into a cash-flowing property with long-term tenants already in place. Each unit features 3 bedrooms, 2 bathrooms, over 1,200 sq. ft. of living space per unit and stable rental income:
Unit 403: Leased at $1,425 per month - through 5-31-2025
Unit 405: Leased at $1,450 per month - since 2023, through 4-30-2025
Located near major shopping, dining, and downtown Sherman, this duplex is in a high-demand rental area, making it a smart addition to any portfolio. Great residents, great location, and strong rental history-don’t miss this one!
Fully leased and part of a potential package deal, this property presents a ready-to-go income stream for savvy investors looking for immediate returns and future growth. No sign in yard. DO NOT DISTURB TENANTS. No showings will be granted without offer to purchase.
Presented By: Brandy Landon with Milestone Premier Properties; 903-462-0282
Interior Features for 403-405 N Burdette Avenue
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCeramicTile, LuxuryVinyl, LuxuryVinylPlank
Heating Y/NYes
Interior AmenitiesHighSpeedInternet
General for 403-405 N Burdette Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, Microwave, Refrigerator
Attached Garage No
AttributionContact903-462-0282
Cap Rate6.99
Carport Spaces0.0
Carport Y/NNo
CitySherman
Construction MaterialsBrick
CoolingCentralAir
CountyGrayson
DirectionsN Hwy 75
Sherman, TX
Take TX-91 S-Texoma Pkwy to Frisco Rd in Sherman
6 min (4.6 mi)
Follow Frisco Rd, N Ross Ave and N Harrison Ave to N Burdette Ave
7 min (2.9 mi)
403 N Burdette Ave
Sherman, T
Electric On Property Y/NNo
Elementary SchoolHenry W Sory
Elementary School DistrictSherman ISD
Full Baths4
Garage Y/NNo
Gross Income34500.0
HOANo
HeatingCentral
High SchoolSherman
High School DistrictSherman ISD
Home Warranty Y/NNo
Insurance Expense2841.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet9147.6
Lot Size UnitsAcres
Middle/Junior High SchoolSherman
Middle/Junior School DistrictSherman ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-03-31T21:19:26.890-00:00
Net Operating Income25519.0
New ConstructionNo
Number Of Units Total2
Pool FeaturesNone
PossessionCloseOfEscrow, SubjectToTenantRights
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Stories1
Subdivision NameBELMONT ADDITION REPLAT, LOT 40-R
Tax Annual Amount6482.0
Tax Lot41-42
UtilitiesSewerAvailable, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2005
Year Built DetailsPreowned
Exterior for 403-405 N Burdette Avenue
Building Area Total2414.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.21
Lot Size Area0.21
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking2.0
Water SourcePublic
Additional Details
Price History
Schools
Elementary School
Henry W Sory Elementary School
High School
Sherman High School
Middle School
Sherman Middle School
Suzanne Smith
Broker/Owner