Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman’s most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at… Read More 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. An added value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment—creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry – $1,100 a month, lease through November 30, 2026 320 N. Cleveland – $1,080 a month, lease through August 31, 2026 1520 Mulberry – $1,100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow. Read Less
Courtesy of Easy Life Realty, Theresa Brendemihl.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Triplex
Beds
5
Full Baths
3
Lot Size
0.39 Acres
Year Built
1979
MLS Number
21227961
Additional Details
Accessibility Features
Features: AccessibleApproachWithRamp
Appliances & Equipment
ElectricRange
Building
Built in 1979, Construction materials: Brick, Frame, Other, Levels: MultiSplit, 2 buildings, Toal building area: 3847
Cooling
CentralAir, Electric
Expenses
Insurance: $4,800
Floors
Carpet, Laminate
Garage
1 space
Heating
Central, NaturalGas
Income
Gross income: $39,360, Net operating income: $26,194
