UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision College Park Add
MLS Listing ID 21227961
Bedrooms 5
Full Baths 3
HOA Y/N None
Total Fin. Sqft 3847
Year Built 1979
Annual Tax Amount $8,366
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Triplex
Property Description
The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 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.
Location
State TX
County Grayson
Direction From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry
Interior
Interior Features Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Other
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Laminate
Appliance Electric Range
Heat Source Central, Natural Gas
Exterior
Garage Spaces 1.0
Utilities Available City Sewer, City Water, Individual Gas Meter, Other
Roof Type Composition
Accessibility Accessible Approach with Ramp
Total Parking Spaces 1
Garage Yes
Building
Story Multi/Split
Foundation Slab
Level or Stories Multi/Split
Structure Type Brick,Frame,Siding,Other
Schools
Elementary Schools Crutchfield
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21227961
Nearby School & Business
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