$442,900
NEW CONSTRUCTION $77K PRICE DROP

521 Gates St Unit A&B Bonham, TX 75418

Estimated payment $2,800/month

Total Views 2,080
6 Beds
4 Baths
2,496 Sq Ft
$177 Price per Sq Ft

Highlights

  • New Construction
  • Adjacent to Greenbelt
  • Covered Patio or Porch
  • Open Floorplan
  • Granite Countertops
  • 4 Car Attached Garage

About This Home

***Builder warranty***

Don't miss the opportunity to own this gem of a duplex in Bonham. With its modern finishes, functional layout, prime location, and the option to buy one or both sides, this property offers a lifestyle of luxury and convenience that is second to none. Each unit within the duplex features three spacious bedrooms and two modern bathrooms, providing ample space for families of all sizes. The units are move-in ready, complete with stainless steel appliances and natural stone countertops that add a touch of luxury to the practical, well-appointed kitchen. The oversized lot offers plenty of outdoor space. Situated next to the serene Powder Creek Park, you can enjoy leisurely strolls, picnics, and outdoor activities just steps from your front door. The park serves as an extension of your backyard, offering a peaceful retreat amidst nature. Major highways, including HWY 75, HWY 78, & Hwy 82 are easily accessible, ensuring that your daily commute is efficient and stress-free. Additionally, the property is just minutes away from the new Bois d'Arc Lake, a burgeoning area poised for development and growth. Whether you're a family looking for the perfect home or an investor seeking a lucrative opportunity, this duplex is a must-see. Make your move today and experience the best that Bonham has to offer. You really don't want to miss out on this home.

2 year warranty on mechanical and electrical systems and 10 year warranty on the structure!!

Listing Agent

Camey Turner

PARAGON, REALTORS Brokerage Phone: 903-893-8174 License #0796666 Listed on: 03/17/2025

PARAGON, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 10,366 Sq Ft Lot
  • Lot Dimensions are 73x142
  • Adjacent to Greenbelt

Parking

  • 4 Car Attached Garage
  • Lighted Parking
  • Front Facing Garage
  • Multiple Garage Doors
  • Garage Door Opener

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2,496 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Laminate Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Double Vanity

Outdoor Features

  • Covered Patio or Porch

Schools

  • Evans Elementary School
  • Bonham High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2&1R / 15
  • Assessor Parcel Number 143030

Community Details

Overview

  • 2,496 Sq Ft Building
  • S9710 Subdivision

Recreation

  • Park
  • Trails

Building Details

  • Gross Income $24,000
  • Net Operating Income $21,500

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

4

Listing Details

  • OWNERNAME: North Texas REI LLC & Scott Dobbels
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: New Construction - Complete
  • Attribution Contact: 903-893-8174
  • CapRate: 4.85
  • Co List Office Mls Id: PARA00TO
  • Special Features: 4098
  • Year Built: 2025

Interior Features

  • Square Footage: 2496.0
  • Interior Amenities: Built-in Features, Double Vanity, Granite Counters, High Speed Internet, Open Floorplan, Pantry, Cable TV, Walk-In Closet(s)
  • Flooring: Laminate
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Slab
  • Community Features: Park, Sidewalks, Trails/Paths
  • Roof: Composition
  • Construction Materials: Board & Batten Siding
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Rear Porch, Front Porch, Covered

Garage/Parking

  • Cooling System: Central Air
  • Garage Spaces: 4.0
  • Total Covered Spaces: 4.0
  • Parking Features: Door-Multi, Garage Faces Front, Garage, Garage Door Opener, Lighted
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Evans
  • High School: Bonham
  • Junior High Dist: Bonham ISD

Lot Info

  • Lot Features: Backs to Greenbelt/Park
  • Lot Size Units: Square Feet
  • Lot Size Area: 10366.0
  • Lot Size: 73x142
  • Parcel Number: 143030
  • Lot Size Acres: 0.238
  • Lot Size Sq Ft: 10366.0

Building Info

  • Year Built: 2025
  • Units Total: 2

Multi Family

  • Insurance Expense: 2000.0
  • Annual Gross Income: 24000.0
  • Property Net Operating Income: 21500.0

Tax Info

  • TaxBlock: 15
  • Tax Lot: 2&1R

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2025 09/23/25 Price Changed $442,900 -5.8% $177 / Sq Ft
09/19/2025 09/19/25 For Sale $470,000 0.0% $188 / Sq Ft
08/25/2025 08/25/25 Pending -- -- --
06/18/2025 06/18/25 Price Changed $470,000 -4.9% $188 / Sq Ft
04/22/2025 04/22/25 Price Changed $494,000 -5.0% $198 / Sq Ft
03/17/2025 03/17/25 For Sale $520,000 -- $208 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20861189

North Texas Real Estate Information Systems (NTREIS)