401 Main Street

Brownwood, Texas 76801

  • 20 Bed(s)
  • 10 Bath(s)
  • 0 Sqft
  • 0.489
    Acre(Lot)
$999,000

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.

  • Property Type

    Residential Income

  • Subdivision

    Rankin

  • County

    Brown

  • Style

    Residential Income

  • AD ID

    48654118

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Property Details

  • Bedroom Information

    • Total Bedrooms : 20

    Bathroom Information

    • Total Baths: 10
    • Full Baths: 10

    Interior Features

    • Open Floorplan

    Appliances

    • Dishwasher,Electric Oven,Refrigerator

    Utilities

    • City Sewer,City Water,Electricity Connected,Individual Water Meter

    Cooling Features

    • Ceiling Fan(s),Central Air

    Heating Source

    • Central

  • Building Information

    • Built Year: 1990
    • Building Area Total: 7,140
    • Construction: Wood
    • Roof Type: Composition

    Foundation

    • Pillar/Post/Pier

    Construction Materials

    • Wood

  • Lot Information

    • Lot Size (Acr): 0.4890
    • Lot Size Units: Acres
    • Lot Size Square Feet: 21300.8400

    Property Information

    • Property Type: Residential Income
    • Property Sub Type: Duplex
    • Subdivision: Rankin
    • City: Brownwood
    • State: Texas
    • Directions: From US-377, take Main St toward downtown Brownwood. Please use GPS.
    • Property Status: Active

  • Listing Price Information

    • Original List Price: $999,000

    Listing Information

    • Possession: Closing/Funding

  • Tax Information

    • Parcel Number: 000000055806
    • Tax Block: 11
    • Tax Legal Description: RANKIN, BLOCK 11, LOT 150X142
    • Tax Lot: 150x1
    • Unexempt Taxes: $5,784

  • Parking Information

    • Parking: 8
    • Parking Features: Asphalt

    Homeowners Association Information

    • HOA Type: None

  • School Information

    • Elementary School: Northwest
    • Middle School: Brownwood
    • High School: Brownwood
    • School District: Brownwood ISD

    Utility Information

    • Utilities: City Sewer,City Water,Electricity Connected,Individual Water Meter
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BuyOwner last updated this listing 04/05/2025 @ 02:11

  • MLS: 449645441
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NTREIS - North Texas Real Estate Information

is a Home, with 20 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.