7680 Hillsboro HwyHillsboro, TN 37342

Property Details for 7680 Hillsboro Hwy

Year built

1900

Lot size

0.15 AC

Property size (Sq ft)

1,872 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $582,026

  6.5%

  $537,255

  7%

  $498,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $768,424

  Geo Method

  $920,184

• Alternative Use

  Use

  Valuation

  Residential

  $453,195

  Hospitality

  $415,124

  Educational

  $345,378

  Medical

  $357,256

  Retail

  $537,255

Location Insight

City

Hillsboro

County

Coffee

State

Tennessee

Latitude

35.412

Longitude

-85.9715

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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