USATXBrownwoodRankin401 Main St
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401 Main St, Brownwood, TX

Condo

For Sale

Listed price in listed location currency (USD).
$899,000

201020

MLS® 21129647

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes $6,702
Days Active 138
Approx. Age 1990
MLS® Number 21129647

Property Address: 401 Main St, Brownwood, TX, 76801-2964

Average square foot calculated using Size range provided by listing agent.

Description

100% occupied cash-flowing property in the heart of downtown Brownwood. The Brownwood Cottages is a 10-unit property consisting of five identical buildings with a total of 7, 140 rentable square feet. The property is situated on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants, with everything Brownwood Downtown has to offer just a short walk away. 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 new parking lot, LVP flooring, appliances, etc. The property also features copper wiring and mostly updated PVC plumbing offering peace of mind and low maintenance costs moving forward. All units have identical layout - 2 bed 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a full appliance package including dishwasher, as well as washer-dryer hookups. All utilities are separately metered and paid by tenants. The property is 100% occupied with a waitlist of tenants and has shown strong rent growth and occupancy due to fantastic location. The Brownwood Cottages offer significant upside potential for investors, supported by the award-winning Brownwood downtown revitalization efforts and the spillover economic growth driven by major data-center development in Abilene, just an hour away. Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value. Seller will install brand new roofs on all 5 buildings before the close. Contact listing agent for details.
MLS® Number21129647
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1990
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 10, 2025List Date
$899,000List Price
  • Commute

Commute

Starting Address
Destination Address
401 Main St, Brownwood, TX

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