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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Coggin Add
MLS Listing ID 20293176
Sold Date 08/25/23
Bedrooms 15
Full Baths 10
HOA Y/N None
Total Fin. Sqft 8294
Year Built 1978
Annual Tax Amount $5,430
Lot Size 1.206 Acres
Acres 1.2062
Property Description
TURNKEY INVESTMENT OPPORTUNITY! 10 rentals in 5 locations in Brownwood with a 10% cap rate and opportunity to improve. The complex at 1513 Durham has 6, 1 bed 1 bath approx 650 sq ft duplexes, each with their own carport and laundry, central HVAC. 1617 2nd St is on a corner lot, recently renovated, 3 bed 1 bath, central HVAC, all electric. 1703 1st St is a 2 bed 1 bath with gas range and water heater, no central HVAC. 1115 Schroeder is a cute 2 bed 1 bath home that needs renovating, no central HVAC. 1101 Schroeder is a 2 bed 1 bath with central HVAC. Both Schroeder homes got new roofs in June. All but one unit has a newer water heater. 8 currently rented. The other 2 need repairs before putting back on the market. They never stay vacant long. Set yourself up with another stream of income that pays for itself! Start building your portfolio today!! Let's talk about it.
Location
State TX
County Brown
Direction These are 5 properties not located together. 1513 Durham, 1617 2nd St, 1703 1st St, 1115 Schroeder Ln and 1101 Schroeder Ln can all be located with GPS. If you have any questions please call the listing agent. 325-998-0103 Please don't bother tenants.
Interior
Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Hardwood, Linoleum
Appliance Electric Range, Refrigerator
Heat Source Central, Electric
Exterior
Carport Spaces 10
Fence Chain Link
Utilities Available Asphalt
Roof Type Asphalt
Total Parking Spaces 14
Garage No
Building
Lot Description Corner Lot, Few Trees, Interior Lot
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Siding
Schools
Elementary Schools East
Middle Schools Brownwood
High Schools Brownwood
School District Brownwood Isd
Others
Ownership Zacharko
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Private
Special Listing Condition Affordable Housing, Deed Restrictions
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Bought with Justin Riggan • KW SYNERGY - Heartland
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