About 1917 E Mulberry Street
Investor Alert! Fully Renovated Rental Property with Strong Lease in Place. Welcome to 1917 E Mulberry St, Sherman, Texas—a high-performing turnkey investment with major capital improvements already taken care of and a reliable tenant in place. This 4-bedroom, 2-bath home blends classic charm with modern updates and offers solid cash flow from day one. >>Big-Ticket Updates Already Completed: New Gutters (November 2023) New HVAC (June 2022) New Hardy Siding (2023) New Roof (May 2022) Outbuilding 248 sf. Custom Cedar Garage Door New Waterproof Luzury Vinyl Plank (LVP) New Windows (May 2022) New Electrical Panel - Meter Base - Complete Wiring. (May 2022) Custom Kitchen Cabinets & Quartz Countertops New Milwork: Doors - Base Trim - Window Trim Custom tiled shower & Floor Fully Updated Bathrooms - Showers - toilets - Vanities - Hardware - and Accessories >> Investor Highlights: Current monthly rent: $1995 Lease through: February 28, 2026 Annual gross rent: $23,940 Estimated ROI: 8–10% depending on purchase price and financing—ask for a breakdown! Inside, tenants enjoy an open-concept layout with abundant natural light, a fully updated kitchen featuring granite countertops, stainless appliances, and sleek cabinetry. The master suite offers a private bathroom with contemporary finishes, and the three additional bedrooms provide flexibility for families or roommates. With all major systems recently updated, this property offers a low-maintenance investment in a high-demand rental area. Located in a friendly Sherman neighborhood near schools, parks, and commuter routes—keeping tenant retention strong. Motivated seller is willing to offer concessions to help with closing costs or rate buy-down. Whether you're expanding your portfolio or entering the investment game, this property checks all the boxes: long-term lease, updated infrastructure, and positive cash flow potential.
Features of 1917 E Mulberry Street
| MLS® # | 20945466 |
|---|---|
| Price | $259,990 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,561 |
| Acres | 0.14 |
| Year Built | 1958 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1917 E Mulberry Street |
|---|---|
| Subdivision | Belmont Add |
| City | Sherman |
| County | Grayson |
| State | TX |
| Zip Code | 75090-6422 |
Amenities
| Utilities | City Sewer, City Water, Electricity Available |
|---|---|
| # of Garages | 1 |
| Garages | Additional Parking, Concrete, Direct Access, Driveway, Off Street |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Built-in Features, Eat-in Kitchen, Open Floorplan, Walk-In Closet(s) |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Exterior Features | Covered Porch(es), Private Yard, Storage, Storm Cellar |
|---|---|
| Lot Features | Few Trees |
| Roof | Composition |
| Construction | Fiber Cement, Siding, Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | Sherman ISD |
|---|---|
| Elementary | Dillingham |
| Middle | Sherman |
| High | Sherman |
Additional Information
| Architectural Style | Craftsman, Traditional |
|---|---|
| # of living Areas | 1 |
| Flooring | Luxury Vinyl Plank, Tile |
| $/LivSqFt | $167 |
Listing Details
| Agent | Tracy Thomson |
|---|---|
| Office | EXP REALTY |
| Contact Info | 469-714-2100 |