TX > Brownwood > Rankin
Brownwood, TX 76801,401 Main ST
Brownwood, TX 76801,401 Main ST
Brownwood, TX 76801,401 Main ST
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$975,000
Est. payment /mo
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20 Beds
10 Baths
7,140 SqFt
Active

401 Main ST Brownwood, TX 76801

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Patrick Maxam

Patrick Maxam

+1(254) 200-0044

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,140 sqft

Price per Sqft $136

Subdivision Rankin

MLS Listing ID 20846855

Bedrooms 20

Full Baths 10

HOA Y/N No

Year Built 1990

Annual Tax Amount $5,784

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 From US-377, take Main St toward downtown Brownwood. Please use GPS.

Interior

Interior Features Open Floorplan

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Luxury Vinyl Plank

Fireplace No

Appliance Dishwasher, Electric Oven, Refrigerator

Exterior

Parking Features Asphalt

Pool None

Utilities Available Electricity Connected, Sewer Available, Separate Meters, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 8

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Northwest

Middle Schools Brownwood

High Schools Brownwood

School District Brownwood Isd

Others

Tax ID 000000055806

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20846855

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agent

Patrick Maxam

Broker/Owner | License ID: 533260

+1(254) 200-0044

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401 Main ST