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Nicole Chevins

[email protected] +1(817) 296-0795

$ 999,000

Est. payment -/mo

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New

401 Main Street Brownwood, TX 76801

20 Beds

10 Baths

0.49 Acres Lot

UPDATED:

02/19/2025 10:10 PM

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Maggie Parks-Lacamp • Rogers Healy and Associates

Nicole Chevins

Advisor | License ID: 0823393

+1(817) 296-0795

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