401 Main St, Brownwood, TX 76801

Cash-flowing 10-unit property with 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 and/or STR/boutique hotel. 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. The layout is a perfect fit for conversion to 20 units. Seller is getting bids on conversion, ask listing agent for details. Location of the property offers significant upside potential supported by 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. **NO SELLER FINANCING, NO WHOLESALE OFFERS, AGENTS AND END-BUYERS ONLY**