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Brownwood,TX 76801
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Rankin
MLS Listing ID 21044456
Bedrooms 20
Full Baths 10
HOA Y/N None
Total Fin. Sqft 7140
Year Built 1990
Annual Tax Amount $6,940
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 GPS
Interior
Interior Features Cable TV Available
Heating Central,Electric
Cooling Central Air,Electric
Flooring Tile,Vinyl
Appliance Electric Oven,Refrigerator
Heat Source Central,Electric
Exterior
Utilities Available Asphalt,City Sewer,City Water
Roof Type Composition
Garage No
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Frame,Siding
Schools
Elementary Schools Coggin
High Schools Brownwood
School District Brownwood Isd
Others
Ownership Big Barn LLC.
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21044456