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Corey Harris

corey@chreteam.com +1(302) 729-2881

$ 870,000

Est. payment -/mo

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Active

401 Main ST Brownwood, TX 76801

20 Beds

10 Baths

7,140 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,140 sqft

Price per Sqft $121

Subdivision Rankin

MLS Listing ID 21129647

Bedrooms 20

Full Baths 10

HOA Y/N No

Year Built 1990

Annual Tax Amount $6,702

Lot Size 0.489 Acres

Acres 0.489

Property Sub-Type Apartment

Property Description

Cash-flowing 10-unit property with super strong occupancy in an unbeatable downtown Brownwood location. All utilities separately metered and paid by tenants. The property offers multiple value add strategies including conversion to 20 units or conversion to STR. The property is sitting on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants. 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center. $120k+ of improvements in recent years including updated electrical, plumbing, LVP flooring, new parking lot, and more. All units have identical layout - 2 bed 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a dishwasher and W-D hookups. Location of the property offers significant upside potential supported by the award-winning Brownwood downtown revitalization project. Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value! Contact listing agent for details.

Location

State TX

County Brown

Direction Drive on Main St turn, find 401 Main st, go around the building to turn into the parking lot

Interior

Interior Features Open Floorplan

Heating Central

Cooling Central Air

Flooring Luxury Vinyl Plank

Fireplaces Type None

Fireplace No

Appliance Built-In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven

Exterior

Parking Features Concrete, Paved

Pool None

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Porch None

Total Parking Spaces 20

Garage No

Building

Foundation Other

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Coggin

Middle Schools Brownwood

High Schools Brownwood

School District Brownwood Isd

Others

Senior Community No

Tax ID 000000055806

Acceptable Financing Cash, Conventional, FHA, USDA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan

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