NEW! Buy and sell safely with virtual options - Learn More
About the Listing PARA00TO - 0843360
MULTI-INCOME INVESTMENT OPPORTUNITY Rare opportunity to acquire a diversified income-producing property on 9.414 acres just minutes from Sherman. This unique asset combines established rental income with significant flexibility and value-add potential, making it an attractive opportunity for investors, owner-operators, or buyers looking to expand their real estate portfolio. The property features 11 established RV spaces, most of which are currently leased, along with a leased 2-bedroom, 1-bath apartment, providing immediate income from multiple sources. A 2,098-square-foot, 3-bedroom, 2-bath main residence offers another potential revenue stream if leased or the opportunity for an owner-operator to live on site. A separate office space with an attached shop or storage building adds another layer of versatility and may accommodate business operations, workspace, storage, or additional leasing opportunities. One of the property's greatest opportunities lies in the open back portion of the 9.414 acres. Currently utilized for hay production and benefiting from an agricultural exemption, this area provides substantial open space and flexibility for a future owner to envision how the property could evolve. Whether held as open acreage, continued in agricultural use, or evaluated for future improvements or expansion, the additional land creates valuable long-term upside and optionality, subject to applicable approvals and restrictions. With RV income, residential rental income, office or shop space, a main residence, and additional open acreage, this property offers a combination of existing cash flow and future potential that is difficult to replicate. Conveniently located near Sherman and positioned within the continued growth of North Texas, this is an opportunity to acquire an established income-producing asset with multiple revenue streams, usable acreage, expansion potential, and room to make the property your own.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
- Air Cond: Ceiling Fan(s),Central Air,Electric
- Heating: Electric,Fireplace(s)
- Fireplaces: 1, Freestanding,Living Room,Wood Burning Stove
- Floor: Carpet,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Built-in Features,Cable TV Available,Pantry,Walk-In Closet(s),Master on Main
- Water:
Exterior Details
- Lot Description: Acreage,Agricultural,5 to < 10 Acres
- Garage Capacity: 2 car
- Roof: Composition
- Others: RV Hookup,RV/Boat Parking,Storage,Preowned
- Sewer:
- Parking Features: Garage,Garage Door Opener,Garage Faces Side,Garage Single Door,Gravel
Financial Details
- Tax Amount: $6,510
- Taxes w/Assessments: N/A
- Tax/Property ID: 130331
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1612 White Mound Rd Sherman, TX 75090
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
