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$1,600,000

Beds
2
Baths
1.0
sq ft
15,250

208 N Church St, Hillsboro, TX 76645

208 N Church St

Hillsboro, TX 76645

  • 301 days on 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.

Details

Property type

Lot size

0.653 acres

Price per sq ft

$105

Year built

1984

Annual property taxes

$9,891

Price History

09/23/2024
NTREIS

NTREIS #20521480

Listed
$1,600,000
08/23/2024
NTREIS

NTREIS #20521480

Pending
$1,600,000
01/26/2024
NTREIS

NTREIS #20521480

Listed
$1,600,000

Schools & Community

Elementary school: 

Hillsboro

Middle school: 

Unknown

High school: 

Hillsboro

School district: 

Hillsboro ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bancorpsouth Bank

Loan start date

September 2022

Original loan amount

$985,600

Est. remaining balance

Not provided

Interest rate

5.54%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Lazy 8 Investments Llc

Lender

Phillip Michael Patranella 2015 Tr

Loan start date

June 2021

Original loan amount

$830,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Purchase Money Mortgage, 1 year

Seller

Lazy 8 Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 8:55 AM

Listing updated: 09/25/2024 at 7:31 AM

Listed by: Michael Karol, Compass RE Texas, LLC Phone #: (214) 814-8100

MLS: NTREIS #20521480

NTREIS logo

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