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    1507 Pine Street

    Bonham, TX 75418
    • $2,200,000
    • STATUS: Active Option Contract
    • ON SITE: 33 days
    • MLS #: 14648562
    Under Contract
    UPDATED: 12 min ago
    $2,200,000
    • 41
      BEDS
    • 0.28
      ACRES
    • 20
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1996
    County:

    School Information

    Elementary School:
    High School:
    School District:
    Offered by James Simpson of Weichert Realtors-Solid Ground.

    Description

    Great opportunity for an investment into the rental business, All units are currently rented and have a history of staying that way. Some are under rented and just haven't been raised to keep up with current market so cape rate may seem a little soft. There is enough land to add a few more apartments and make this an even more lucrative property. Viewings will be by appointment only for renters privacy. Owner also has 4 Duplex's, 1 Triplex, 34 rented homes and 2 vacant lots that can be purchased as a package for $5,000,000.00. Contact agent for more details

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIVO Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than VIVO Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-16T11:40:32.993.
    www.vivorealty.com/homes/120449249
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    1507 Pine Street Bonham, TX 75418

    • Price: $2,200,000
    • Status: Active Option Contract
    • Updated: 12 min ago
    • MLS #: 14648562
    41
    Beds
    20
    Baths
    0
    ½ Baths
    0.28
    Acres
    1996
    Built
    Neighborhood:
    None
    County:
    Fannin
    Elementary School:
    Evans
    High School:
    Bonham
    School District:
    Bonham ISD
    Property Description
    Great opportunity for an investment into the rental business, All units are currently rented and have a history of staying that way. Some are under rented and just haven't been raised to keep up with current market so cape rate may seem a little soft. There is enough land to add a few more apartments and make this an even more lucrative property. Viewings will be by appointment only for renters privacy. Owner also has 4 Duplex's, 1 Triplex, 34 rented homes and 2 vacant lots that can be purchased as a package for $5,000,000.00. Contact agent for more details
    Exterior Features

    Construction BrickCommon Wall Foundation Slab Lot Description Acreage Parking Or Garage Common LotOpen Parking Spaces 16 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating Central Air-ElecCentral Heat-ElecWindow Unit Interior Features Other Kitchen Equipment Cooktop - ElectricOven-Electric Sq Ft Building 21404

    Property Features

    Building Area Source Tax Buildings 8 Complex Name Pine Oak Apartments Construction Status Preowned Gross Annual Expenses 31000 Gross Annual Income 163980 HOA None Insurance Expense 10000 Junior High School Rather Municipal Utility District No Net Annual Income 130000 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Tenancy Over 9 Months Unexempt Taxes 7412 Unit Count 0 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIVO Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than VIVO Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-16T11:40:32.993.
     
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    VIVO Realty
    5200 McDermott Rd. #215
    Plano TX, 75024
    Offered by James Simpson of Weichert Realtors-Solid Ground.