Log In/Sign Up
Your email has been sent.
400-414 E 7th St 14 Unit Apartment Building $3,629,392 CAD ($259,242 CAD/Unit) 9.12% Cap Rate Bonham, TX 75418
INVESTMENT HIGHLIGHTS
- RARE- Tax Free Opportunity Zone
- In-Unit Washer and Dryers
- Units Include Stainless Steel Energy Star Appliances
- Seven 2024 Construction Duplexes (14 Units)
- Private Yards - Fenced
- Walking Distance to Downtown Bonham
EXECUTIVE SUMMARY
RARE – Tax Free Opportunity Zone – 7 duplex, 14 unit new construction project located in the heart of Bonham, TX. Pricing for entire project or individual 2 unit building sales will be considered. Located a short walk from city center, city hall, the police station, fire station, and school district. Within commuting distance (20-30 min) of Texas Instruments $30 billion dollar semiconductor manufacturing campus, Global Wafers $5 billion silicon wafer factory, and Texas’ newest lake - Bois D'Arc Lake. Located along the path of development for both Hwy 75 and Hwy 78, Bonham is less than an hour from Lake Texoma and the State of Oklahoma. Project completion summer of 2024 and anticipate fully leased by summer of 2025, if not sooner.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$398,675
|
$17.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,957
|
$0.35
|
| Effective Gross Income |
$390,718
|
$17.23
|
| Taxes |
$59,543
|
$2.63
|
| Operating Expenses |
$8,236
|
$0.36
|
| Total Expenses |
$67,779
|
$2.99
|
| Net Operating Income |
$322,939
|
$14.24
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $398,675 |
| Annual Per SF | $17.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,957 |
| Annual Per SF | $0.35 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $390,718 |
| Annual Per SF | $17.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $59,543 |
| Annual Per SF | $2.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,236 |
| Annual Per SF | $0.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,779 |
| Annual Per SF | $2.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $322,939 |
| Annual Per SF | $14.24 |
PROPERTY FACTS
| Price | $3,629,392 CAD | Apartment Style | Townhome |
| Price Per Unit | $259,242 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.38 AC |
| Cap Rate | 9.12% | Building Size | 22,680 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 79% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $3,629,392 CAD |
| Price Per Unit | $259,242 CAD |
| Sale Type | Investment |
| Cap Rate | 9.12% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.38 AC |
| Building Size | 22,680 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Island Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 14 | $2,373 CAD | 1,400 |
PROPERTY TAXES
| Parcel Number | 92241 | Total Assessment | $531,445 CAD |
| Land Assessment | $55,879 CAD | Annual Taxes | $59,543 CAD ($2.63 CAD/SF) |
| Improvements Assessment | $475,566 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
92241
Land Assessment
$55,879 CAD
Improvements Assessment
$475,566 CAD
Total Assessment
$531,445 CAD
Annual Taxes
$59,543 CAD ($2.63 CAD/SF)
Tax Year
2025
CONTACT
-
Marilyn Kittrell -
MKittrell Properties, Inc
1 of 46
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
400-414 E 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.