1. Texas
2. Sherman
3. 1917 E Mulberry Street

1917 E Mulberry Street, Sherman, TX 75090

• 4 beds |
• 2 baths |
• 1,561 sqft

Property Description

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

Listing Status:

Active

Listing Office:

eXp Realty LLC : 888-519-7431

Listing Agent:

Tracy Thomson :

MLS ID:

20945466

Interior

• General: Built-in FeaturesEat-in KitchenOpen FloorplanWalk-In Closet(s)
• Appliances: DryerElectric CooktopElectric OvenDisposalIce MakerMicrowaveRefrigeratorWasher
• Flooring: Luxury Vinyl PlankTile
• A/C: Central AirElectricWall Unit(s)Wall/Window Unit(s)
• Heating: CentralElectric
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Tracy Thomson, eXp Realty LLC