TX > Brownwood > Rankin
Brownwood, TX 76801,401 Main Street
Brownwood, TX 76801,401 Main Street
Brownwood, TX 76801,401 Main Street
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$949,000
Est. payment /mo
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20 Beds
10 Baths
0.49 Acres Lot
New

401 Main Street Brownwood, TX 76801

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Lincoln Fisher

Lincoln Fisher

+1(817) 550-3352

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Rankin

MLS Listing ID 21044456

Bedrooms 20

Full Baths 10

HOA Y/N None

Total Fin. Sqft 7140

Year Built 1990

Annual Tax Amount $6,940

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 GPS

Interior

Interior Features Cable TV Available

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile, Vinyl

Appliance Electric Oven, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available Asphalt, City Sewer, City Water

Roof Type Composition

Garage No

Building

Story One

Foundation Pillar/Post/Pier

Level or Stories One

Structure Type Frame,Siding

Schools

Elementary Schools Coggin

High Schools Brownwood

School District Brownwood Isd

Others

Ownership Big Barn LLC.

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21044456

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Listed by Paul Infinger • Lone Star Home & Loan

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Lincoln Fisher

Team Leader | License ID: 0515331

+1(817) 550-3352

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401 Main Street