Listing Courtesy of: Anoo Sathappun - Redbud Offices LLC
$550,000
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1503 N Center Street Bonham, TX 75418
Office
Residence
Beds
Baths
1,658
Sq. Ft.
0.37
Acre
Lot
Property Activity
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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 â?? 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
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MLS#
20794225
Property Type
Office
Year Built
1950
Square Feet
1,658
sq. ft
Lot Size
0.37
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