About 701 E Elm Street
Turnkey Investment property! The main house is 2bed 2bath and rented long term at $1,250 per month and the ADU is 1bed 1bath and is rented long term for $600 per month, providing $22,200 annually with a gross cap rate of 9.66%! Low maintenance setup with excellent rental history! New roofs in 2022. Amazing location, close access to I-35 and downtown Hillsboro, easy commute to Waco and Fort Worth. Do not miss out on this rare opportunity!
Features of 701 E Elm Street
| MLS® # | 21072727 |
|---|---|
| Price | $199,900 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,247 |
| Acres | 0.18 |
| Year Built | 1945 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 701 E Elm Street |
|---|---|
| Subdivision | Parks |
| City | Hillsboro |
| County | Hill |
| State | TX |
| Zip Code | 76645-2525 |
Amenities
| Utilities | Asphalt, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Underground Utilities |
|---|---|
| Garages | Covered, Detached Carport, No Garage |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Cable TV Available, High Speed Internet Available, Natural Woodwork, Open Floorplan |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Covered Porch(es) |
|---|
School Information
| District | Hillsboro ISD |
|---|---|
| Elementary | Hillsboro |
| High | Hillsboro |
Additional Information
| # of living Areas | 1 |
|---|---|
| $/LivSqFt | $160 |
Listing Details
| Agent | Bryan Redmond |
|---|---|
| Office | Red Realty TX, LLC |
| Contact Info | 214-448-2203 |