401 Main, Brownwood, Texas

$870,000
Active
401 Main, Brownwood, Texas
401 Main, Brownwood, Texas
401 Main, Brownwood, Texas
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Property Details

MLS ID: 21129647
Status: Active
Price: $870,000
Acres: 0.49±
Type: Apartment, Residential
Address: 401 Main
City, State: Brownwood, TX
County: Brown County
ZIP Code: 76801
Lat/Long: 31.72124, -98.98418
Parcel Number: 000000055806
Bedrooms: 20
Bathrooms: 10
Year Built: 1990

Description

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.

Directions: Drive on Main St turn, find 401 Main st, go around the building to turn into the parking lot

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Andy Flack

Andy Flack

HomeLand Properties, Inc.

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HomeLand Properties, Inc.
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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: June 20, 2026 at 12:00:00 PM UTC

Listed By: Maxim Son of Real Broker, Llc