208 N Church St - Apartments FOR SALE


Hillsboro, TX 76645
$1,600,000 USD
925-999-5135
208 N Church St, Hillsboro, TX for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | 7.78% Cap Rate

208 N Church St
Hillsboro, TX 76645


HIGHLIGHTS

  • Walking distance to town square
  • Rent growth
  • High occupancy
  • Low competition in submarket
  • Ample parking

OVERVIEW

Compass Commercial is pleased to present exclusively for sale the Hillsboro Oaks Apartments. Located in downtown Hillsboro, TX just two city blocks from the Hill County courthouse with easy access to I-35, and less than a 1 hour drive from Fort Worth. Acquisition of this 20 unit apartment complex presents a value add opportunity for multi family investors. 2 Bed 1 Bath (16) + 2 Bed 1.5 Bath (4) units range from approximately 750-1,000 SqFt and rent for an average of $1/SqFt plus utilities. Units were renovated in 2021 with new materials, systems and features including carpet, countertops, paint, LVP flooring, appliances, HVAC units, resurfaced parking lot and new metal roofing and siding. Please contact listing agent for non-disclosure agreement to view rent roll and expenses.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

20

PRICE/UNIT

$80,000

CAP RATE

7.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillsboro Oaks Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Commercial

APN/PARCEL ID

106908

ASK ABOUT THIS PROPERTY

Andrew NeumannCompassMore Info
925-999-5135

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Andrew NeumannCompassMore Info
925-999-5135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.