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Property profile & analytics
OFF-MARKET
Apartment buildings

0 Willow St Bonham, TX 75418

1,568 SF 0.27 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 2-unit apartment building, constructed in 2024, presents a compelling investment opportunity in Bonham, Texas. Located on Willow Street, this property boasts a total of 1,568 square feet situated on a 0.266-acre lot. The building features a single story and comprises two units, each currently leased at $1,050 per month, generating a substantial net operating income (NOI) of $19,532. Ample parking is available with four spaces, two designated for each unit. The property's asking price is $285,000, translating to a price per square foot of $182. The units are equipped with electric heating. This turnkey investment is ideal for those seeking immediate income generation. The property's address is 1011 #1, 1011 #2 Willow Street, Bonham, TX 75418, and its APN is 83555. A virtual tour is available online. This property is located in Fannin County. The subdivision is A1018-JP SIMPSON.

Property profile
Verified
Property type Apartment buildings
Year built 2024
Total area 1,568 SF
Lot 0.27 ac (11,587 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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