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401 Main St
Brownwood, TX 76801

$870,000 USD

Apartments For Sale • 7,140 SF

Property Details

Property Type Apartments
Total Building Size 7,140 SF
Lot Size 0.5 AC
Building Class C
Year Built 1960
Cap Rate 9.14 %
Zoning MF

50 Walk Score

                
                    Highlights
                
                                Fully occupied 10-unit property with strong rent growth
                            
                                Recent $124K renovations including HVAC, LVP flooring, and appliances
                            
                                Prime Main Street location near downtown amenities
                            
                                Each unit features 2 bed/1 bath layout with full appliance package
                            
                                Separately metered utilities for higher NOI and easy management
                            
                                Significant upside potential supported by downtown revitalization and regional economic growth

Financial Summary (Proforma)

Net Operating Income: $109,216 USD (2026)

Cap Rate:	9.14 %
Total Expenses:	$25,784 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Dishwasher
Tenant Controlled HVAC
Washer/Dryer Hookup
Trash Pickup - Curbside
Ceiling Fans
Refrigerator
Range
Lawn
Smoke Detector

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Jeff McElroy 512-813-9500 Real Broker, LLC

401 Main St Brownwood, TX 76801