Duplex with Fenced
New
For Sale
$439,000
2724 Ginger Court, Sherman, TX 75092
Both residences offer three bedrooms, two bathrooms, a single-car garage, and an enclosed yard.
Property Size2,189 SF
Price / SF$200.55
Days on Market4
Property Features for 2724 Ginger Court
General Information
Standard status
Active
Size
2,189 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Granite Counters
Kitchen Island
Open Floorplan
Building Details
Building Size
2,189 SF
Year Built
2022
Buildings
1
Stories
1
Units
2
Listing Agency:
BSA Realty
(866) 456-4020
Listed By:
Monte Brown
(214) 335-1105
Source:
Bsare
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BSA Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this 2,189-square-foot duplex has two residences, each with three bedrooms, two bathrooms, and a one-car garage. The interiors feature open-plan living areas, vinyl flooring in the living rooms, kitchens, and hallways, and tile in wet areas. Kitchens include islands, granite counters, tile backsplashes, and stainless steel appliances. Each residence also has a fenced yard.
The property is in Sherman, minutes from Highway 75 and 1 mile from the new Sherman High School.
The property is in Sherman, minutes from Highway 75 and 1 mile from the new Sherman High School.
Key Highlights
- 2,189‑square‑foot duplex built in 2022
- Each residence has 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Fenced yard at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,780
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,600
$335.6K
Cap Rate 7%
$239,714
$239.7K
Cap Rate 9%
$186,444
$186.4K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$27.1K $12.36/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$24.0K $10.95/SF
− OpEx
−$7.2K −$3.29/SF
NOI
$16.8K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,600
Cap Rate 7%
$239,714
Cap Rate 9%
$186,444
Alternative Uses
Best Use
Multifamily LT 5
$239.7K
$209.8K – $279.7K
NOI $16,780 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$212.5K
$185.9K – $247.9K
NOI $14,875 @ 7.0% cap · market cap 3.39%
Theoretical Best
Hotel Hospitality
$1.12M
$982.6K – $1.31M
NOI $78,607 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 75092, TX
27,186
Population
13,117
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
239
Density / Sq Mi
$67,160
Median Household Income
$41,683
Median Earnings
$1,205
Median Rent
$260,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two bathrooms, a single-car garage, and an enclosed yard.
Where is this duplex located?
The property is located at 2724 Ginger Court Sherman, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,189‑square‑foot duplex built in 2022; Each residence has 3 bedrooms, 2 bathrooms, and a 1‑car garage; Fenced yard at each residence
