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Days43Days on Market
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$670,000

204 Graham Ave, Bonham, TX, 75418

On MarketInfo
CommercialInfo
Beds11 Beds
Baths4 Bath
Baths1,284 Sq Ft
Multi FamilyMulti Family
price_per_sqft$1.03 / sqft
Year BuiltBuilt in 1943

Highlights

Interior

Bedrooms 11Bedrooms 11
Bathrooms Half 4Bathrooms Half 4
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,501 sqft

Building Information

Year Built1943

Land Information

APN91936
Lot Number31
Land UseResidential
Legal DescriptionHUNTER ADDN, BLOCK 2, LOT 31, LIFE ESTATE
Census Tract950402
Assessed Land Value$30,380
Assessed Improvement Value$59,350
Assessment Year2025

About this property

Fantastic investment package opportunity—perfect for investors seeking immediate cash flow! This package includes 4 single family properties all tenant-occupied. Recently renovated, these properties feature modern updates throughout, including granite countertops, durable luxury vinyl plank wood flooring, and updated kitchen and bathroom finishes. This package is ideal for investors looking for a cash-flowing rental property making it a turnkey addition to your rental portfolio. (Unit 1) 204 Graham Ave, Bonham - Lease Term: 10-29-26 at $1250 per month (Unit 2) 506 East 15th St, Bonham - Lease Term: 3-31-27 at $1150 per month (Unit 3) 1310 South 5th Street, Bonham - Lease Term: 4-30-27 at $1275 per month (Unit 4) 1916 Liberty St, Bonham - Lease Term: 5-31-26 at $1350 per month These properties are also available for individual sale.

Investor Tools

Property Icon
$193,000
Estimated Property Value
$131,130Estimated Mortgage Balance
$71,466Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,020 /month
Positive
Cash Flow Estimate:
$1,340 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,704
$89,730
2025
$30,380
$59,350
$89,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,704
$89,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mellrath Properties Llc
Unknown
$131,130
No
First
Jun 24, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,534
$71,466
37%
63%
$787/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Bonham

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