About

<b>Legacy Apartments </b>is located in the heart of Sherman, Texas. The property is nestled on South Crockett St. and offers spacious, modern apartments that blend style and functionality. Legacy was constructed in 1967.

The property was foreclosed by the Special Servicer and extensive funds have been expended to “right the ship”.  The current operating expenses are far higher than normal.

The property was taken over in April 2024. Occupancy was approximately 65% at takeover.  A major rehab, including new paving, updated laundry room and office, exterior paint, interior updates, appliances, etc.  Reportedly located in a Historic District.  Changing the paint colors need permission.

The asset is near a hospital, church and the Town Square which contains the Courthouse.

This is a very clean asset. Available all cash or new third party financing.

Approximately 65 miles from Dallas City Limits and Dallas Courthouse.

<em><strong>CALL FOR OFFERS JUNE 5, 2025!</strong></em>