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1507 Pine St Street

Bonham, TX 75418
  • $1,900,000
  • STATUS: Active
  • ON SITE: 203 Days
  • MLS #: 14705187
UPDATED: 34 min ago
$1,900,000
  • 0
    BEDS
  • 3.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,404
    SQFT
  • $89
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:
Area:

School Information

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

Description

Investor Special Newly acquired apartment complex that currently has 100% occupancy with 23 tenants. Owner is in the process of installing 23 water meters that will allow the ability to have every tenant pay their own water. This alone will increase monthly rental by approximately $1320 and increase the cape rate to approximately 8% on this investment. Property also includes a metal work shop or maintenance building for storing equipment. These properties typically move very fast so contact your agent today.

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© 2022 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 DFW Select 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 DFW Select 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 2022-05-28T14:41:06.87.
www.dfwselectrealty.com/homes/123079352
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1507 Pine St Street Bonham, TX 75418

  • Price: $1,900,000
  • Status: Active
  • On Site: 203 Days
  • Updated: 34 min ago
  • MLS #: 14705187
0
Beds
0
Baths
0
½ Baths
3.9
Acres
21,404
SQFT
$89
$/SQFT
1996
Built
Neighborhood:
None
County:
Fannin
Area:
Bonham
Elementary School:
Evans
Middle School:
Rather
High School:
Bonham
School District:
Bonham ISD
Property Description
Investor Special Newly acquired apartment complex that currently has 100% occupancy with 23 tenants. Owner is in the process of installing 23 water meters that will allow the ability to have every tenant pay their own water. This alone will increase monthly rental by approximately $1320 and increase the cape rate to approximately 8% on this investment. Property also includes a metal work shop or maintenance building for storing equipment. These properties typically move very fast so contact your agent today.
Exterior Features

Construction Brick Foundation Slab Lot Description Acreage Open Parking Yes Open Parking Spaces 0 Parking Or Garage CommonGarageGarage Faces FrontOpen Parking Spaces 23 Pool On Property No Roof Composition

Interior Features

Appliances Electric Cooktop Cooling Central AirElectricWindow Unit(S) Garage Yes Handicap YN No Heating CentralElectric Interior Features Cable Tv AvailableHigh Speed Internet AvailableOther

Property Features

Auction No Building Area Source Assessor Building Area Total 21404.00 Complex Name Pine Oaks Apartments Construction Status Preowned Gross Annual Expenses 36000.00 Gross Annual Income 171780.00 HOA None Insurance Expense 12000 Junior High School Name Rather Levels One List MLSProvider Greater Texoma Association Of Realtors Municipal Utility District No Net Operation Income 123780 Possession Closing/Funding Property Attached No Property Type Apartment Special Notes Aerial Photo Unexempt Taxes 7804 Utilities City SewerCity Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2022 North Texas Real Estate Information System.


© 2022 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 DFW Select 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 DFW Select 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 2022-05-28T14:41:06.87.
 
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DFW Select Realty
920 S Main St Ste 125
Grapevine TX, 76051
Offered by James Simpson of Weichert Realtors-Solid Ground.