0 Willow St Bonham, TX 75418
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.