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.
| MLS # | 21129647 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 274 |
| Listing Provided By | Real Broker, LLC | Maxim Son |
| Bed(s) | 20 |
|---|---|
| Bath(s) | 10 Total |
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 5 |
| Acreage | 0.49 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Interior Features | Open Floorplan |
| Appliances | Built-in Refrigerator, Dishwasher, Electric Cooktop, Electric Oven |
| Fireplace Features | None |
| Roof | Composition |
|---|---|
| Construction Materials | Frame, Siding |
| Foundation Details | Other |
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Concrete, Paved |
| Utilities | City Sewer, City Water, Electricity Connected |
|---|
| Unexempt Taxes | 6702 |
|---|---|
| Tax Block | 11 |
| Tax Legal Description | RANKIN, BLOCK 11, LOT 150X142 |
| State | TX |
|---|---|
| County | Brown |
| City | Brownwood |
| Zip Code | 76801 |
| Area | Brown |
| Community Name | Rankin |
| School District | Brownwood ISD |
| Elementary School | Coggin |
| High School | Brownwood |
| Listing VS Median (in Rankin) | |
Price: $870,000 low | high Med: $150,000 On site: 274 low | high Med: 1458 | |
| State | TX |
|---|---|
| County | Brown |
| City | Brownwood |
| Zip Code | 76801 |
| Area | Brown |
| Community Name | Rankin |
| School District | Brownwood ISD |
| Elementary School | Coggin |
| High School | Brownwood |
| Listing VS Median (in Rankin) | |
Price: $870,000 low | high Med: $150,000 On site: 274 low | high Med: 1458 | |