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$775,000
Listing Price--beds
2baths
2,098sqft
410,074sqft lot
1612 White Mound Rd, Sherman, TX 75090
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
MULTI-INCOME INVESTMENT OPPORTUNITYnRare 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.nThe 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.nA 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.nOne 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.nWith RV income, residential rental income, off
Interior Details
2098
N/A
2
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
410074
No
No
Type:
Garage, Attached
Location:
N/A
Status:
N/A
Number of Spaces:
3
No
No
No
No
Yes
No
No
Construction Details
N/A
Wood Sheathing
N/A
Hip
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$4,533
$0
$0
--%
$261,909
2019
$4,710
$0
$0
--%
$251,016
2018
$4,090
$0
$0
--%
$214,273
2017
$3,807
$0
$0
--%
$197,132
2016
$3,630
$0
$0
--%
$186,674
2013
$2,807
$0
$0
--%
$152,226
2013
$2,807
$6,474
$138,048
--%
$144,522
2012
$3,216
$6,479
$134,075
--%
$140,554




