401 Main St, Brownwood, TX 76801
- $870,000
- 20
- BD
- 10
- BA
- List Price
- $870,000
- Status
- ACTIVE
- Price Change
- ▼ $29,000 1779231863
- MLS#
- 21129647
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 1990
- Bedrooms
- 20
- Bathrooms
- 10
- Full Baths
- 10
- Lot Size
- 21,300
- Acres
- 0.49
- Subdivision
- Rankin
- Building Name
- Brownwood Cottages
Property Description
Cash-flowing 10-unit property with super strong occupancy in an unbeatable downtown Brownwood location. All utilities separately metered and paid by tenants. The property offers multiple value add strategies including conversion to 20 units or conversion to STR. The property is sitting on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants. 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center. $120k+ of improvements in recent years including updated electrical, plumbing, LVP flooring, new parking lot, and more. All units have identical layout - 2 bed 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a dishwasher and W-D hookups. Location of the property offers significant upside potential supported by the award-winning Brownwood downtown revitalization project. Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value! Contact listing agent for details.
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Additional Information
- Amenities
- Fireplace
- Interior Features
- Open Floor Plan
- Taxes
- $6,702
- Building Name
- Brownwood Cottages
- Flooring
- Vinyl
- Appliances
- Built in Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 1
- Levels
- One
- Roof
- Composition
- Foundation
- Other
- Parking Features
- Paved, Paved
- School District
- Brownwood Isd
- Elementary School
- Coggin
- Middle School
- Brownwood
- High School
- Brownwood
Mortgage Calculator
Listing courtesy of Maxim Son from Real Broker, LLC. Contact:
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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