The Legacy Apartments

422 S Crockett St, Sherman, TX 75090

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 17,544 SF
  • Units 31
  • Lot Size 0.69 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Year Renovated 1990
  • Date Updated Dec 10, 2024
The Legacy Apartments is located within two blocks of the CBD of Sherman, Texas. The property is bordered by single family residential. The property has a very rare "control your destiny" location in that there are no neighboring commercial or multifamily properties that could negatively impacted the day-to-day managerial/financial operations of the property.*The Legacy Apartments is available for auction on RI Marketplace. Bidding starts on December 9th at 9 am and ends on December 11th at 9 am. Please refer to auction link for financial details and to register to bid: https://rimarketplace.com/auction/2242/reo-legacy-apartments This 31 unit rental residential investment property in Sherman-Denison area presents a rare opportunity to acquire a multifamily apartment well below replacement cost. Built in 1967 and renovated in 1990, the rental market has responded to the affordable rents as the property nears capacity operations, presently at 98% occupancy. With an irreplaceable CBD location, and strong occupancy, the Legacy Apartments offers a lucrative opportunity for those pursuing multifamily real estate investments.
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Highlights

  • Priced Well Below Replacement Costs
  • Control Your Destiny Location (no neighboring multifamily/commercial properties)
  • Occupancy Near Capacity
  • Rental Rates Well Below Market Average

Contacts

broker
Scott Henderson

SVN | Trinity Advisors

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Sherman, TX
  • Zip Code 75090

Points of Interest

  • Fair Way

    0.25 miles

  • Shell

    0.30 miles

  • Valero

    0.32 miles

  • Lucky Stop

    0.57 miles

  • Exxon

    1.35 miles

  • Albertsons

    1.53 miles

  • Kroger

    1.68 miles

  • Covenant Presbyterian Church Parking

    0.34 miles

  • Travelers Inn

    0.22 miles

  • Economy Inn

    1.37 miles

  • The Executive Inn

    1.93 miles

  • Quality Suites

    2.32 miles

  • Comfort Inn

    2.35 miles

  • Crossroads Inn

    2.36 miles

  • Holiday Inn Express

    2.40 miles

  • La Quinta Inn

    2.45 miles

  • Days Inn

    2.54 miles

  • Super 8

    2.57 miles

  • Lit'l Store

    0.25 miles

  • Dickey's Barbecue Pit

    0.32 miles

  • Hot N Creamy Donuts

    0.42 miles

  • Wanna Burger

    0.44 miles

  • Track's

    0.46 miles

  • Italian Affair Pizza

    0.49 miles

  • La Placita Salvadorean Cocina

    0.68 miles

  • Tacos Pacheco

    0.92 miles

  • Burger King

    1.00 miles

  • DQ Grill & Chill

    1.00 miles

  • Saint Josephs Academy

    0.27 miles

  • Piner Middle School

    0.36 miles

  • Washington Elementary School

    0.36 miles

  • Crockett School

    0.75 miles

  • George Washington Carver School

    0.87 miles

  • Sherman Alternative Learning Center

    0.89 miles

  • Douglass Special Education

    0.90 miles

  • Douglass High School

    0.92 miles

  • Jefferson Elementary School

    1.14 miles

  • Wakefield Elementary School

    1.16 miles

  • A Lighthouse for Kids

    2.38 miles

  • Kiddie Kampus

    8.84 miles

  • Sunshine Center for Children

    9.29 miles

  • Parkview Learning Center

    9.63 miles

Frequently Asked Questions

How much does The Legacy Apartments cost?

The sale price for The Legacy Apartments is available upon request. Contact the listing broker for more information.

What is the total square footage of The Legacy Apartments?

The Legacy Apartments totals 17,544 square feet.

When was this property built?

The Legacy Apartments was built in 1967.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Scott Henderson

SVN | Trinity Advisors