Investment opportunity near the heart of downtown Hillsboro! This recently updated 5-plex is FULLY OCCUPIED! Three spacious 2 bedroom units and two 1 bedroom units meets the need for local affordable housing. Each unit has it's own electric meter and has been updated, making it an appealing option for tenants. Newer roof! Located just minutes from downtown, residents can enjoy easy access to shops, dining, and local attractions. The property is also conveniently close to I-35, providing a quick commute to nearby cities. Whether youâre looking to expand your rental portfolio or start one, this property combines prime location and excellent rental potential in a growing market.
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. 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.
This historic hotel with roots dating back to the late 1800's is a rare diamond that offers an exceptional opportunity for real estate investment. The hotel has undergone partial renovations in the 80's. Great potential for generating income through hotel or Air BNB operations or event rentals. Located in the central business district of Hillsboro's Main Street just steps away from the courthouse square. The partial renovations already completed have reduced the amount of work needed to get the property up and running again. Bottom floor has been occupied until recently. Private Courtyard and gated covered parking. A must-see for anyone looking to invest in real estate in the growing city of Hillsboro that is centrally located between DFW and Waco. Adjoining Shop at 120 S Covington is available for sale and can be purchased together. Bring your vision!
Hillsboro is located in Texas. Hillsboro, Texas has a population of 8,193. Hillsboro is more family-centric than the surrounding county with 30.2% of the households containing married families with children. The county average for households married with children is 29.39%.
The median household income in Hillsboro, Texas is $48,281. The median household income for the surrounding county is $57,800 compared to the national median of $69,021. The median age of people living in Hillsboro is 34.8 years.
The average high temperature in July is 95.6 degrees, with an average low temperature in January of 34.3 degrees. The average rainfall is approximately 39.2 inches per year, with 0.2 inches of snow per year.