The Legacy Apartments

For Sale

422 S Crockett St, Sherman, TX 75090

This Sherman property for sale is located at 422 S Crockett St. Contact the listing broker for details on the current sale price for The Legacy Apartments. The Legacy Apartments is situated on a lot that is 0.69 acre in size.

Contacts

broker
Scott Henderson

SVN | Trinity Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 17,544 SF
  • Units 31
  • Lot Size 0.69 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Year Renovated 1990
  • Date Updated Dec 10, 2024
The Legacy Apartments is located within two blocks of the CBD of Sherman, Texas. The property is bordered by single family residential. The property has a very rare "control your destiny" location in that there are no neighboring commercial or multifamily properties that could negatively impacted the day-to-day managerial/financial operations of the property.*The Legacy Apartments is available for auction on RI Marketplace. Bidding starts on December 9th at 9 am and ends on December 11th at 9 am. Please refer to auction link for financial details and to register to bid: https://rimarketplace.com/auction/2242/reo-legacy-apartments This 31 unit rental residential investment property in Sherman-Denison area presents a rare opportunity to acquire a multifamily apartment well below replacement cost. Built in 1967 and renovated in 1990, the rental market has responded to the affordable rents as the property nears capacity operations, presently at 98% occupancy. With an irreplaceable CBD location, and strong occupancy, the Legacy Apartments offers a lucrative opportunity for those pursuing multifamily real estate investments.
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Highlights

  • Priced Well Below Replacement Costs
  • Control Your Destiny Location (no neighboring multifamily/commercial properties)
  • Occupancy Near Capacity
  • Rental Rates Well Below Market Average

Getting around

  • 62/100

    Walk Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Sherman, TX
  • Zip Code 75090

Points of Interest

  • Fair Way

    0.25 miles

  • Shell

    0.30 miles

  • Valero

    0.32 miles

  • Lucky Stop

    0.57 miles

  • Exxon

    1.35 miles

  • Albertsons

    1.53 miles

  • Kroger

    1.68 miles

  • Covenant Presbyterian Church Parking

    0.34 miles

  • Travelers Inn

    0.22 miles

  • Economy Inn

    1.37 miles

  • The Executive Inn

    1.93 miles

  • Quality Suites

    2.32 miles

  • Comfort Inn

    2.35 miles

  • Crossroads Inn

    2.36 miles

  • Holiday Inn Express

    2.40 miles

  • La Quinta Inn

    2.45 miles

  • Days Inn

    2.54 miles

  • Super 8

    2.57 miles

  • Apple Foods

    1.14 miles

  • Albertsons

    1.46 miles

  • Kroger

    1.64 miles

  • Dirt Cheap

    2.17 miles

  • Big Lots

    2.20 miles

  • Walmart Neighborhood Market

    2.51 miles

  • ALDI

    2.72 miles

  • Walmart Supercenter

    2.83 miles

  • Belk

    3.08 miles

  • Ross

    3.17 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Scott Henderson

SVN | Trinity Advisors