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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 506,000

Est. payment -/mo

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Active

111 Mitchell Road Sherman, TX 75090

4 Beds

3 Baths

1,886 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,886 sqft

Subdivision Aaron Burleson Surv Abs #61

MLS Listing ID 21348400

Bedrooms 4

Full Baths 3

HOA Y/N None

Total Fin. Sqft 1886

Year Built 2026

Annual Tax Amount $3,304

Lot Size 1.770 Acres

Acres 1.77

Property Sub-Type Multiple Single Units

Property Description

Ranchette! 2 complete homes on 1.77 acres. Brand new barndo plus ADU. Rental income or in-laws. Outside city limits! Horses allowed. Two rental opportunities or multi-generational living on a corner lot. This inviting property perfectly balances modern design with suburban charm. A rare, custom footprint property offering two distinct and independent residences on one parcels with a total of 4 bedrooms. Two cottages located in the heart of the Sherman tech corridor. The 3-bedroom Barndominium (1214 sq ft.) is just completed in 2026 with modern farmhouse touches. An additional 1-bedroom ADU (672 sq ft built in 2016) boasts a full kitchen and bath with dual vanities and tub and a front porch tucked beneath a mature tree canopy. Make it a private mother-in-law suite, home office, or a steady rental stream to capitalize on the area's soaring housing demand. Equipped with three loafing stalls, a storage shed, potentially a garage, and fencing, the property offers a peaceful country atmosphere without sacrificing proximity to the city and the new Texas Instruments & GlobalWafers sites. Families will appreciate the rapidly modernizing Sherman ISD, featuring a recent high school, three new elementary schools, and a state-of-the-art athletic stadium. Enjoy easy access to Dallas, expanding retail, and top-tier industrial job opportunities. This property offers a unique cash-flow opportunity that standard valuations overlook. Comps do not reflect the rental income generated by the second home. A savvy investment in the direct path of progress! ONLY 1 PROPERTY IS FOR SALE, THIS IS A DUPLICATE MARKETING ENTRY ALSO LISTED AS A RESIDENTIAL PROPERTY MLS 21268617.

Location

State TX

County Grayson

Direction Please see GPS.

Interior

Interior Features Kitchen Island, Open Floorplan

Heating Central

Cooling Electric

Flooring Concrete

Appliance Dishwasher, Electric Cooktop, Microwave

Heat Source Central

Exterior

Exterior Feature Covered Deck, Storage

Utilities Available Co-op Water, Individual Water Meter, Septic

Waterfront Description Creek

Roof Type Metal

Garage No

Building

Lot Description Acreage, Cleared, Corner Lot

Story One

Foundation Other

Level or Stories One

Structure Type Concrete,Metal Siding

Schools

Elementary Schools Percy W Neblett

Middle Schools Sherman

High Schools Sherman

School District Sherman Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21348400

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Deborah Newsome • Keller Williams Realty DPR

NEARBY SCHOOLS & PROPERTIES

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

111 Mitchell Road Sherman, TX 75090

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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111 Mitchell Road