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$870,000

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.

20 Beds ⋅ 10 Baths ⋅ 21129647 MLS

401 Main St, Brownwood, TX

$249,000

Location on this unit is fabulous. Enjoy the benefits of homeownership without the usual upkeep with low-maintenance luxury living at The Waterstone Condos! This exceptional two-story condo at 1403 Waterstone Drive offers a stress-free lifestyle with the HOA covering lawn maintenance, exterior upkeep and roof insurance. This is a 3 bedroom 2.5 bath home with a double garage located in one of the best locations in the complex. Inside, an open-concept layout welcomes you with soaring 20-ft ceilings in the combined living and dining area, crown molding, and wood-look ceramic tile in high-traffic spaces. The kitchen is designed for both style and function, featuring granite countertops, a breakfast bar, and stainless Whirlpool appliances, including a refrigerator, electric range, microwave, and dishwasher. Large windows bring in natural light and provide serene views and the private courtyard is the perfect spot to start your day with a cup of coffee with the feel of being out in the country. The spacious primary suite on the main floor offers a relaxing retreat with a large ensuite bath and walk-in closet. A convenient half bath downstairs for guests plus a generous laundry room with garage access complete the first level. Upstairs offers two sizable bedrooms and a full bath that provides additional comfort and flexibility to this home. Bedrooms and upstairs hallway all have carpet. Beyond your private space, enjoy the beautifully maintained community with manicured lawns, a clubhouse, and a refreshing swimming pool. Located just two hours northwest of Austin and southwest of DFW, The Waterstone Condos offer easy access to schools, shopping, dining, businesses, and medical facilities. With luxury finishes, thoughtful design, and low-maintenance living, this home is the perfect balance of elegance and practicality. Don’t miss this opportunity—schedule your showing today!

3 Beds ⋅ 3 Baths ⋅ 21101599 MLS

1403 Waterstone Dr, Brownwood, TX