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Hillsboro Oaks Apartments 208 N Church St 20 Unit Apartment Building $1,395,000 ($69,750/Unit) 8.19% Cap Rate Hillsboro, TX 76645
Investment Highlights
- Walking distance to town square
- High occupancy
- Ample parking
- Rent growth
- Low competition in submarket
Executive Summary
The Hillsboro Oaks Apartments are 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 units) + 2 Bed 1.5 Bath (4 units) range from approx. 750-1,000 SqFt. Most units renovated since 2021 with new higher grade materials, upgraded mechanical systems & features. Capital improvements including new carpet, countertops, paint, LVP flooring, appliances, HVAC units, resurfaced parking lot & new metal roofing and siding. Currently 90% occupied as of Aug. 2026. Please contact listing agent for rent roll & expenses and scheduling showings.
Contact listing broker for all due diligence.
Contact listing broker for all due diligence.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,395,000 | Building Class | C |
| Price Per Unit | $69,750 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 15,250 SF |
| Cap Rate | 8.19% | Average Occupancy | 90% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Zoning | Commercial - MF-29 (Multifamily Residential) | ||
| Price | $1,395,000 |
| Price Per Unit | $69,750 |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 15,250 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2021 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | Commercial - MF-29 (Multifamily Residential) |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Refrigerator
- Range
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Security System
- Individual Locking Bedrooms
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 750 |
| 2+1.5 | 4 | - | 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 106908 | Total Assessment | $580,050 |
| Land Assessment | $39,350 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $540,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
106908
Land Assessment
$39,350
Improvements Assessment
$540,700
Total Assessment
$580,050
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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