Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1997
Sq.Footage
2,098
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.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Pantry, Walk-In Closet(s)
-
Total Bedrooms
3
-
Bathrooms
2
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air, Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric, Fireplace(s)
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Brick
-
Other Exterior Features
RV Hookup, Storage
-
Parking
Garage, Garage Door Opener, Garage Faces Side, Gravel, Boat, RV Access/Parking, Attached
-
Patio and Porch Features
Front Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Agricultural
-
Lot Size(acres)
9.414
-
Lot Size(square feet)
410,073
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Ranch, Traditional
Price
-
Sales Price
$799,000
-
Tax Amount
$6,510
-
Sq. Footage
2,098
-
Price/SqFt
$380
HOA
-
Association
No
School District
-
Elementary School
Tom Bean
-
Middle School
Tom Bean
-
High School
Tom Bean
Property Features
-
Foundation Details
Slab
-
Sewer
Septic Tank
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Location
County
Grayson
Elementary School
Tom Bean
Middle School
Tom Bean
High School
Tom Bean
Listing Courtesy of Haley Miller , PARAGON, REALTORS
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AGENT
Joe Boston
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