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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1601 Kennedy St , Bonham, TX 75418
$300,000
Est. Payment: $1,685.02/mo
21064 Sqft
1.61 Acres
Status: active | Days on site: 9
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House Description

Owner-financed value-add in a Bonham Opportunity Zone. Former nursing home with more than 21,000 square feet under roof on 1.6 acres in a quiet residential part of town. Sold as-is. Substantial remodeling is required. Interior demolition has been started and is not finished. The slab and structure appear sound. Buyers should verify with their own inspection. A fire suppression and detection system is in place, often a major cost in a building of this type. The layout already has private rooms, corridors, a nurses’ station, dining, and a med room. Possible uses, subject to zoning, licensing, and buyer due diligence, include assisted living or memory care, residential treatment or behavioral health, and disability group housing. Confirm Opportunity Zone tract status before relying on any tax benefit. Owner financing will require at least 20 percent down payment. NOTE! Year built is not available through tax records and 1970 is strictly an estimate.

Highlights

Listed by David Cullar , RE/MAX DFW Associates , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
1.61

Year Built

1970

County

Fannin

Neighborhood

H Burkhardt Surv Abs # 112

Listing ID

21400515

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Interior Features

Air Cond:Central Air,Multi Units,Zoned
Fireplaces:
Floor:Tile

Exterior Features

Lot:Landscaped,Level,Many Trees,Sloped,Varied,1 to < 3 Acres
Zoning:Multifamily Residential, Higher Density
Roof:Asphalt,Shingle
Others:
  • ▪ Additional:Preowned
Parking Features:Asphalt,Outside,Parking Lot,Paved
Principal Interest
$1,685
Taxes
$1,483

Home Price

$300,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$60,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,685.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,685.02 $1,482.83 $0.00 $3,167.86
Yearly $20,220.27 $17,794.00 $0.00 $38,014.27
Total $606,608.11 $533,820.00 $0.00 $1,140,428.11

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Bonham, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T02:07:09.167Z

© 2026 North Texas Real Estate Information Systems