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401 Main St 10 Unité Immeuble d’appartements 1 302 028 $ CAD (130 203 $ CAD/Unité) 8,38% Taux de capitalisation Brownwood, TX 76801
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully occupied 10-unit property with strong rent growth
- Prime Main Street location near downtown amenities
- Separately metered utilities for higher NOI and easy management
- Recent $124K renovations including HVAC, LVP flooring, and appliances
- Each unit features 2 bed/1 bath layout with full appliance package
- Significant upside potential supported by downtown revitalization and regional economic growth
RÉSUMÉ DE L'ANNONCE
** 100% occupied cash-flowing property on Main St! Turnkey, updated and very easy to manage **
The Brownwood Cottages is a 10-unit property in the heart of downtown Brownwood consisting of five identical buildings with a total of 7,140 rentable square feet. All units were recently renovated with $124k of improvements including new central HVAC, LVP flooring, appliances, parking lot and more. The property also features PVC sewer lines and copper wiring offering peace of mind and low maintenance costs moving forward.
The property is situated on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants, with everything Brownwood Downtown has to offer just a short walk away. It’s a 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center.
All units have identical layout - 2 bed/ 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a full appliance package including dishwashers as well as washer/dryer hookups. Utilities are separately metered and paid by tenants resulting in higher NOI and easier management.
The property is 100% occupied with a waitlist of tenants and has shown strong rent growth and occupancy due to fantastic location and comfortable units that feel like more like homes vs traditional apartments.
The Brownwood Cottages offer significant upside potential for investors, supported by the award-winning Brownwood downtown revitalization efforts and the spillover economic growth driven by major data-center development in Abilene, just an hour away.
Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value.
Potential value add opportunities for investors include:
- bring rents to market ($850/unit)
- convert units to short- or mid-term rentals (average daily rate in the area exceeds $200/day with strong demand from university and hospital related travel)
- rezone to commercial office or retail (subject to city approval)
- strategic assemblage of adjacent city-owned parcels (presently vacant) to control the entire block and develop more units
The Brownwood Cottages is a 10-unit property in the heart of downtown Brownwood consisting of five identical buildings with a total of 7,140 rentable square feet. All units were recently renovated with $124k of improvements including new central HVAC, LVP flooring, appliances, parking lot and more. The property also features PVC sewer lines and copper wiring offering peace of mind and low maintenance costs moving forward.
The property is situated on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants, with everything Brownwood Downtown has to offer just a short walk away. It’s a 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center.
All units have identical layout - 2 bed/ 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a full appliance package including dishwashers as well as washer/dryer hookups. Utilities are separately metered and paid by tenants resulting in higher NOI and easier management.
The property is 100% occupied with a waitlist of tenants and has shown strong rent growth and occupancy due to fantastic location and comfortable units that feel like more like homes vs traditional apartments.
The Brownwood Cottages offer significant upside potential for investors, supported by the award-winning Brownwood downtown revitalization efforts and the spillover economic growth driven by major data-center development in Abilene, just an hour away.
Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value.
Potential value add opportunities for investors include:
- bring rents to market ($850/unit)
- convert units to short- or mid-term rentals (average daily rate in the area exceeds $200/day with strong demand from university and hospital related travel)
- rezone to commercial office or retail (subject to city approval)
- strategic assemblage of adjacent city-owned parcels (presently vacant) to control the entire block and develop more units
BILAN FINANCIER (PRO FORMA - 2026) |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
139 944 $
|
19,60 $
|
| Autres revenus |
4 116 $
|
0,58 $
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
144 060 $
|
20,18 $
|
| Taxes |
7 936 $
|
1,11 $
|
| Dépenses d’exploitation |
16 282 $
|
2,28 $
|
| Total des dépenses |
24 217 $
|
3,39 $
|
| Revenu net d’exploitation |
119 843 $
|
16,78 $
|
BILAN FINANCIER (PRO FORMA - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 139 944 $ |
| Annuel par pi² | 19,60 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 4 116 $ |
| Annuel par pi² | 0,58 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 144 060 $ |
| Annuel par pi² | 20,18 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 7 936 $ |
| Annuel par pi² | 1,11 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 16 282 $ |
| Annuel par pi² | 2,28 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 24 217 $ |
| Annuel par pi² | 3,39 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 119 843 $ |
| Annuel par pi² | 16,78 $ |
FAITS SUR LA PROPRIÉTÉ
COMMODITÉS
- Détecteur de fumée
COMMODITÉS DES UNITÉS
- Climatisation
- Lave-vaisselle
- Connexions pour laveuse/Sécheuse
- Ventilateurs de plafond
- Réfrigérateur
- Fourchette
- Pelouse
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Collecte d'ordures - sur rue
- Détecteur de fumée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 10 | 1 166 $ CAD | 720 |
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Impôts fonciers
| Numéro de lot | 55806 | Évaluation totale | 604 230 $ CAD (2025) |
| Évaluation du terrain | 43 883 $ CAD (2025) | Impôts annuels | 7 936 $ CAD (1,11 $ CAD/pi²) |
| Évaluation des bâtiments | 560 347 $ CAD (2025) | Année d’imposition | 2026 |
Impôts fonciers
Numéro de lot
55806
Évaluation du terrain
43 883 $ CAD (2025)
Évaluation des bâtiments
560 347 $ CAD (2025)
Évaluation totale
604 230 $ CAD (2025)
Impôts annuels
7 936 $ CAD (1,11 $ CAD/pi²)
Année d’imposition
2026
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401 Main St
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