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Listing provided courtesy of Real Broker, LLC- MLS# 21129647MLS ProviderContact Information: Maxim Son

401 Main StreetBrownwood, TX 76801

Multi-Family · 20 Beds · 10 Full Baths · 7,140 Sq. ft. | 0.49 Acres
$870,000 Active

401 Main Street Overview

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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.

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401 Main Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,140
  • Price/Sq.ft. $122
  • Lot 0.49 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Brownwood ISD
  • Elementary School: Coggin
  • Middle Or Junior School: Brownwood
  • High School: Brownwood

Income/Expenses

  • Gross Income: 97705.0
  • Insurance Expense: 2717.0
  • Net Operating Income: 79515.0

Building Information

  • Year Built: 1990
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Brown
  • Postal City: BROWNWOOD
  • Subdivision Name: Rankin

Tax Information

  • Tax Annual Amount: 6702.0

General Information

  • Listing Terms: Cash,Conventional,FHA,USDA Loan
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 10
  • Bathrooms Total: 10
  • Bedrooms Total: 20

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 7140.0

General Information

  • Appliances: Built-In Refrigerator,Dishwasher,Electric Cooktop,Electric Oven
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Other
  • Interior Features: Open Floorplan
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Concrete,Paved
  • Parking Total: 20.0

Lot Information

  • Lot Size Acres: 0.489
  • Lot Size Area: 0.489
  • Lot Size Square Feet: 21300.84
  • Lot Size Units: Acres
  • Number Of Buildings: 5
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Frame
  • Patio And Porch Features: None
  • Roof: Composition

General Information

  • Number Of Units Total: 10
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 10

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

401 Main Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

401 Main Street Market Data

Based on the last 30 days in this zip code

$358,746
Average List Price
$198
Average Price per Square Foot
27
Properties Sold
125
Average Days on Market
193
Properties for Sale
Calculations provided by Reliance Network


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