401 Main Street new Save Request In-Person Tour Request Virtual Tour
Brownwood,TX 76801
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Rankin
MLS Listing ID 20846855
Bedrooms 20
Full Baths 10
HOA Y/N None
Total Fin. Sqft 7140
Year Built 1990
Annual Tax Amount $5,784
Lot Size 0.489 Acres
Acres 0.489
Property Sub-Type Duplex
Property Description
The Brownwood Cottages is a turnkey, income-producing multi-family investment consisting of 10 units across five duplexes in Brownwood, TX. Generating strong cash flow with low operating expenses, this property offers individually metered utilities (electric and water paid by tenants), low property taxes ($5,787 annually, under 7% of scheduled income), and minimal maintenance costs due to recent renovations, including updated plumbing (2023), HVAC (2020), and new appliances. With high occupancy and strong rental demand, the property benefits from its prime location near Howard Payne University and major employers. Don't miss out on this rare opportunity to acquire a stable, high-yield asset in a growing rental market.
Location
State TX
County Brown
Direction From US-377, take Main St toward downtown Brownwood. Please use GPS.
Interior
Interior Features Open Floorplan
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Luxury Vinyl Plank
Appliance Dishwasher,Electric Oven,Refrigerator
Heat Source Central
Exterior
Utilities Available City Sewer,City Water,Electricity Connected,Individual Water Meter
Roof Type Composition
Garage No
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Wood
Schools
Elementary Schools Northwest
Middle Schools Brownwood
High Schools Brownwood
School District Brownwood Isd
Others
Ownership See Tax
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20846855