Bonham Franklin Townhomes
1525 Franklin St,
Bonham, TX 75418
 
$500,000
Price
58,065
Land SF
$9
Price Per SF
27
# of parcels
2
Land Acres
C1
Zoning Type
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$500,000
Price
58,065
Land SF
$9
Price Per SF
27
# of parcels
2
Land Acres
C1
Zoning Type
Investment Highlights
Onyx Legacy Group proudly presents an exceptional investment opportunity in the rapidly growing city of Bonham, Texas. This prime 2.02-acre parcel is perfectly positioned for residential development and has approved site plans for 27 individually-platted contemporary townhomes. Each townhome spans 1,604 square feet and features three bedrooms and two and a half bathrooms, designed to cater to modern lifestyles.
Its proximity to Highway 121 enhances accessibility and convenience to Highway 78 and Highway 82, providing easy commutes to Dallas and surrounding cities like Sherman, Greenville, and McKinney. The approved site plans ensure a streamlined development process, with each townhome offering spacious living areas, modern amenities, and a thoughtful layout ideal for families and professionals.
The listed price is for paper lots, although, ownership is open to delivering finished lots as well. This site provides flexible investment strategies to suit various goals. One option is the "build-to-rent" model, tapping into the demand for high-quality rentals and ensuring long-term income, supported by Bonham's growing population. Alternatively, investors can sell individual townhomes upon completion, taking advantage of the demand for modern residential units. This approach offers immediate returns and allows for phased sales to maximize profits. Both strategies present strong opportunities for substantial returns in a dynamic and growing market.
This investment summary is intended for informational purposes only. All data is believed to be accurate but is not guaranteed. Prospective buyers should conduct their due diligence.
FOR MORE DETAILS CONTACT
Mark Allen, CCIM
Managing Principal
(817) 723-4274
Mallen@onyxlg.com
589645
Courtland Charles
Managing Principal
(214) 403-9153
ccharles@onyxlg.com
673649
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