1 / 1320-Unit Multifamily in Hillsboro, TX
Hill County, TX · listed Apr 23, 2024 (918 days)
- $/unit
- $69,750
- ▼ 30% vs TX · 22nd pct
- Cap rate
- 8.9%
- ▲ 1.6 pts vs TX median
- NOI
- $114K
- $5,715/unit/yr
- Units
- 20
- 5 bldg · 1984
Financials
- Asking price
- $1,395,000
- Price per unit
- $69,750
- Price per sq ft
- $91
- Gross rent / year
- $165,584
- Net operating income
- $114,293
- NOI per unit
- $5,715
- Cap rate
- 8.9%
- Gross yield
- 11.9%gross rent ÷ price
- Occupancy
- 85%
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- 16 units with 2 bed, 1 bath & 4 units with 2 bed, 1.5 baths
- Buildings
- 5
- Year built
- 1984
- Building size
- 15,250 sq ft
- Avg unit size
- 763 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 23, 2024
- Days on market
- 918 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1728
About this property
Compass Commercial and NRES are 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. All 2 bed, 2 bath units range from approximately 750-1,000 SqFt and rent for an average of $1 per 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.
Contact listing broker for all due diligence at or
Multifamily | 20 units
Highlights
- Ample parking
- Low competition in submarket
- High occupancy
- Appreciation & Rent Growth
- Walking distance to town square
Location
Approximate area. The exact address is shared on request.
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