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701 E Elm Street, 
Hillsboro, TX 76645

$199,900


2

Beds


2

Baths


1,247

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Bryan Redmond

Red Realty Tx, LLC.

Last updated:

October 9, 2025, 11:47 AM

MLS#

21072727

Source:

GDAR

About This Home

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!

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1945

Price Summary

199,900

$160 per Sq. Ft.

MLS #:

21072727

Last Updated:

October 9, 2025, 11:47 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,247 Sq. Ft.


Structure

Structure

Building Area:

1,247 Sq. Ft.

Year Built:

1945


Lot

Lot Size (Sq. Ft):

7,797


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$160 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 9, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Benton Realtors.

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.