1500 Albert Broadfoot Street, Bonham, Texas 75418

$129,900
List Price
$129,900
MLS#
20599714
Status
ACTIVE
Type
Land
County
Fannin
City
Bonham
Subdivision
T E Kennedy Add
Development
City Limits

Property Description

Amazing opportunity to own a MULTI-FAMILY zoned spacious lot in the heart of Bonham, Tx. This nearly 1 acre lot would be an excellent location to build an apartment complex, a series of duplexes, or even multiple cash-flowing quadplex buildings. Seller currently has 6 duplex development approved with the City of Bonham. This property offers electric, water, and sewer on the street adjacent to the lot. The property is not in a flood zone and is within walking distance to two different schools in the area! This property could easily hold 15 apartment doors, 12 quadplex doors, 12 duplex doors or a collection of build-to-rent single family homes. With all the growth and infrastructure coming from Collin County to Fannin County, this property is primed for growth!

Additional Information

Unexempt Taxes
$1,141
HOA
No HOA
Lot Size
41,338
Lot Description
Few Trees
Subdivided
Yes
Street Utilities
City Water, Sewer Available
School District
Bonham Isd
Elementary School
Finleyoate
High School
Bonham
Zoning
Have preliminary approval for 6 duplexes from City of Bonham
Possession
Closing/Funding
Restrictions
None
Easements
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Joshua Craft from White Rock Realty. Contact: 972-697-1522