401 Main Street, Brownwood, TX 76801
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: maxim son
Office: real broker, llc.
MLS#:21129647
Source:GDAR
Price summary
- Price:$949,000
- Price per sq. ft.:$132.91
About this home
** 100% occupied cash-flowing property on Main St! Turnkey, updated and very easy to manage **
The Brownwood Cottages is a 10-unit property in the heart of downtown Brownwood consisting of five identical buildings with a total of 7,140 rentable square feet. All units were recently renovated with $124k of improvements including new central HVAC, LVP flooring, appliances, parking lot and more. The property also features PVC sewer lines and copper wiring offering peace of mind and low maintenance costs moving forward.
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. It’s a 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center.
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 dishwashers as well as washer-dryer hookups. Utilities are separately metered and paid by tenants resulting in higher NOI and easier management.
The property is 100% occupied with a waitlist of tenants and has shown strong rent growth and occupancy due to fantastic location and comfortable units that feel like more like homes vs traditional apartments.
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.
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Home facts
- Year built:1990
- Listing ID #:21129647
- Added:194 day(s) ago
- Updated:March 10, 2026 at 11:43 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:10
- Full bathrooms:10
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Built In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
- Living area:7,140 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1990
- Building area:7,140 sq. ft.
- Lot area:0.49 Acres
- Construction Materials:Frame
- Levels:1 Story
Schools
- High school:Brownwood
- Middle school:Brownwood
- Elementary school:Coggin
Finances and disclosures
- Price:$949,000
- Price per sq. ft.:$132.91
- Tax amount:$6,702
Features and amenities
- Appliances:Built In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
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