400-414 E 7th St - Apartments FOR SALE


Bonham, TX 75418
$3,990,000 USD
214-412-7303
400-414 E 7th St, Bonham, TX for Sale
$3,990,000 USD
Apartments - FOR SALE
1/49
null | 5.94% Cap Rate

400-414 E 7th St
Bonham, TX 75418


HIGHLIGHTS

  • RARE- Tax Free Opportunity Zone
  • Seven 2024 Construction Duplexes (14 Units)
  • In-Unit Washer and Dryers
  • Private Yards - Fenced
  • Units Include Stainless Steel Energy Star Appliances
  • Walking Distance to Downtown Bonham

OVERVIEW

RARE – Tax Free Opportunity Zone – 7 duplex, 14 unit new construction project located in the heart of Bonham, TX. A stones throw from city center, city hall, the police station, fire station, and school district. Within commuting distance (20-30 min) of Texas Instruments $30 billion dollar semiconductor manufacturing campus, GlobalWafers $5 billion silicon wafer factory, and Texas’ newest lake - Bois D'Arc Lake. Located along the path of development for both Hwy 75 and Hwy 78, Bonham is less than an hour from Lake Texoma and the State of Oklahoma. Project completion summer of 2024 and anticipate fully leased by summer of 2025, if not sooner.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

14

PRICE/UNIT

$285,000

CAP RATE

5.94%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,498 SF

ZONING

-

APN/PARCEL ID

92241

ASK ABOUT THIS PROPERTY

Marilyn KittrellMKittrell Properties, IncMore Info
214-412-7303

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Marilyn KittrellMKittrell Properties, IncMore Info
214-412-7303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.