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401 Main Street
401 Main Street
401 Main Street
401 Main Street
401 Main Street
401 Main Street
401 Main Street
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$975,000

401 Main Street

20 Beds 10 Baths 7,140 Sq.Ft.

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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.

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Location

401 Main Street, Brownwood, TX 76801

Status

For Sale

Property Amenities

Interior
Appliances Dishwasher, Electric Oven, Refrigerator
Flooring Luxury Vinyl Plank
Total Bedrooms: 20
Full Bathrooms: 10
Other Interior Features Open Floorplan
Area & Lot
Lot Area 0.49 Acres
Living area 7,140 Sq.Ft.
MLS® ID 20846855
Year Built 1990
School District Brownwood ISD
High School Brownwood
Middle School Brownwood
Elementary School Northwest
Type Multi-Family
Status For Sale
Exterior
Stories 1
Pool None
Air conditioning Central Air, Ceiling Fan(s)
Heat type Central
Water Source Public
Sewer Public Sewer
Parking Asphalt
Roof Composition
Utilities Electricity Connected, Sewer Available, Separate Meters, Water Available
Finance
Sales Price $975,000
Real Estate Tax $5,784 yearly

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Contact Details

AARON SHOCKEY

(817) 733-3608

[email protected]



3001 Knox St., #210
Dallas, TX 75205