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Sherman Fully Occupied Duplex *Major Discount* $350k

412 N Cleveland Ave, Sherman
ROI
16.95% IRR
Strategy
Long Term Rental
Located in a high growth market north of Dallas with several major manufacturing, housing, retail, and resort developments underway. This duplex is 100% leased and selling for $100k below assessed value! . Current rent roll totals $2915 per month. Leases are good through March 2026 and June 2025. Lease comps support $1650. Property is in great condition and a mid 2000s build. Taxes $8000.

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Sherman Fully Occupied Duplex *Major Discount* $350k

Listed 04/07/2025

412 N Cleveland Ave, Sherman

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$369/mo

Cap Rate:7.10%

IRR:16.95%

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