7680 Hillsboro Hwy Hillsboro, TN 37342-3147
- Retail space
- 1,872 SF
- 0.15 lot acres
Apr 16, 2020
Current Use by Public Records
- Retail space
Property Details for 7680 Hillsboro Hwy
- Year built
- 1900
- Lot size
- 0.15 lot acres
- Property size
- 1,872 SF
- Property type
- Retail space
- APN
- 016101K C 00900
- APU
- 016101KC00900
Description
This exceptional investment opportunity presents a portfolio of three income-producing buildings situated on a one-acre lot in Hillsboro, Tennessee. The portfolio comprises a total of 4,000 square feet and includes three rental units. The main property, located at 7680 Hillsboro Hwy, is a two-unit building, recently remodeled and equipped with modern appliances (stove, refrigerator, microwave, dishwasher, and washer/dryer) in each unit. Each of these units currently commands a monthly rent of $1,400. A second building, situated at 7696 Hillsboro Hwy, is a charming three-bedroom, one-bathroom brick home, currently leased for $1,300 per month. Finally, a third building on the property offers significant potential for conversion into a desirable three-bedroom, two-bathroom rental unit. The asking price for this entire portfolio is $699,900, representing a price per unit of $233,300 and a price per square foot of $174.97. This property presents a strong cash flow opportunity with significant upside potential. Please respect tenant privacy and refrain from disturbing occupants or placing signage on the property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Coffee
- State
- Tennessee
- Longitude
- -85.9715
- Latitude
- 35.412
- CBSA code
- 46100
- CBSA name
- TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA