Style: Office
Year Built: 1950
$550,000
1503 N Center Street, Bonham, TX 75418, US
Remarks
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
Details
MLS#: 20794225Price: $550,000
Style: Office
Year Built: 1950
County: Fannin
Subdivision: No
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Information is believed to be accurate but should not be relied upon without verification.
Data Provided by North Texas Real Estate Information Systems, Inc.
Last updated: 2024-12-20T11:37:45.000-05:00.
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