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.
We have just completed a two unit property. Everything in them is brand new. Everything on the property is brand new. Septic Electrical pole and box. Does have a camper hookup 50 ampâ?¦ just electric Water lines, meter, and tankless hot water heater Privacy fence Driveway big enough to park a boat or camper Completely furnished Two 10x20 buildings with loft, each will sleep 3 comfortably. No restrictions Mini-splits for heating and cooling Iâ??m sure there is more that I forgot to mention. This property is very close to Brownwood lake. Less than 2 miles from public boat ramp. We built them for short term rentals but decided to sell outright. Both are fully furnished and ready to rent out today. Includes dishes, towels, appliances, bedding, keyless entry, blink cameras, fold out couch, ice machines, coffee pot, etc..feel free to message or go by and check it out. Thank you!!
4 units at 544 sq. ft. per tax appraisal. Each unit has washer and dryer hook ups.
Brownwood is located in Texas. Brownwood, Texas has a population of 18,865. Brownwood is more family-centric than the surrounding county with 33.9% of the households containing married families with children. The county average for households married with children is 28.82%.
The median household income in Brownwood, Texas is $42,971. The median household income for the surrounding county is $49,232 compared to the national median of $69,021. The median age of people living in Brownwood is 35.4 years.
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 30.4 degrees. The average rainfall is approximately 29.9 inches per year, with 1.1 inches of snow per year.