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.
For sale
$999,000
401 Main St, Brownwood, TX 76801
20beds
7,140sqft
Est.:
Duplex, Multi Family
Built in 1990
-- sqft lot
$-- Zestimate®
$140/sqft
$-- HOA
What's special
- 66 days
- on Zillow |
- 136 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: February 19, 2025 at 02:10pm
Listed by:
Maggie Parks-Lacamp 0674896 214-493-2407,
Rogers Healy and Associates 214-368-4663,
Kodi Nelson 0670927,
Rogers Healy and Associates
Source: NTREIS,MLS#: 20846855
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator
Features
- Open Floorplan
- Flooring: Luxury Vinyl, Luxury VinylPlank
Interior area
- Total structure area: 7,140
- Total interior livable area: 7,140 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Asphalt
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0.49 Acres
Details
- Parcel number: 000000055806
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: Rankin
HOA
- Has HOA: No
Location
- Region: Brownwood
Financial & listing details
- Price per square foot: $140/sqft
- Annual tax amount: $5,784
- Date on market: 2/19/2025
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