1. Texas
  2. Bonham
  3. 1503 N Center Street
$550,000

1503 N Center Street, Bonham, TX 75418

  • 1,658 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $332/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Fully Leased commercial Building. Leased to State of Texas- Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increse in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural. Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year & Insurance -$2600 per Year Fully Reconstructed in 2023 -Independent freestanding building: New HVAC Systems & duct work 2023 – 10-Year warranty;New Commercial Electrical wiring systems-2023 New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023 New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan;New Landscaping

Listing Status:
Active
Listing Office:
Redbud Offices LLC : 469-434-7300
Listing Agent:
Anoo Sathappun : 469-434-7300
MLS ID:
20794225
  • Flooring: Luxury VinylLuxury VinylPlank
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Anoo Sathappun, Redbud Offices LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Evans Elementary School

1300 N Main St, Bonham, TX, 75418

Grades 4-6

0.13 miles away

R

Rather L H

1201 N Main St, Bonham, TX, 75418

Grades 7-8

0.22 miles away

B

Bonham High School

1002 War Path St, Bonham, TX, 75418

Grades 9-12

0.80 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.