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401 Main St
Brownwood, TX 76801

$949,000 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 1990
  • Cap Rate 8.38 %
  • Zoning MF
0 Transit Score
69 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

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $87,349 USD (2026)
Cap Rate: 8.38 %
Total Expenses: $17,651 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
Maxim Son 512-415-6244 Real Broker, LLC
Maxim Son 512-415-6244 Real Broker, LLC