625 Bonham St Paris, TX 75460

Listing agency Rhenium Capital

Listed by Andre Cuadrado · License #FL BK3287912

Source Crexi

Added: Feb 23 Updated: Jul 6 at 1:20PM Checked: Jul 21 at 7:05AM

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Investment Insights

Based on property information with market context.

The offering is a first-lien non-performing mortgage loan secured by a 16-unit multifamily property located on Bonham Street in Paris, Texas. Constructed in 1920, the two-story, wood-frame building underwent interior renovations in 2023 totaling approximately $472,655. Renovations included new flooring, paint, appliances, and upgraded fixtures. The property is situated on 0.714 acres and has 12,975 square feet of net rentable area and 15,625 square feet of gross building area. The asset is zoned Commercial District (C) and located along Bonham Street / U.S. 82 Business with average visibility and access. The unit mix includes 7 studio units (625 SF), 6 one-bedroom / one-bath units (815 SF), 1 two-bedroom / one-bath unit (1,100 SF), and 2 three-bedroom / one-bath units (1,260–1,350 SF).

Key Highlights

• First‑lien non‑performing mortgage loan secured by a 16‑unit multifamily property.
• Full interior renovations completed in 2023 at a cost of approximately $472,655 ($29,541 per unit).
• Located in Paris, Texas at 625–637 Bonham Street.

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FAQs

What type of property is this?

Apartment building - 16-unit multifamily property with recent renovations in Paris, Texas.

Where is this apartment building located?

The property is located at 625 Bonham St Paris, TX.

What are key features of this property?

This property features: First‑lien non‑performing mortgage loan secured by a 16‑unit multifamily property.; **Full interior renovations completed in 2023 at a cost of approximately $472,655 ($29,541 per unit).**; Located in Paris, Texas at 625–637 Bonham Street.