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Brownwood,TX 76801
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