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1500 Magnolia Street Brownwood, TX 76801
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Morningside-Ben Fain Sub
MLS Listing ID 20153376
Sold Date 11/10/22
Bedrooms 20
Full Baths 20
HOA Y/N None
Total Fin. Sqft 13176
Year Built 1981
Annual Tax Amount $14,613
Lot Size 0.736 Acres
Acres 0.736
Property Description
Back on the Market!!! Rare opportunity to purchase a 20 unit apartment complex in Brownwood, Texas. This will make a great addition to any investor's portfolio. Apartment has a waiting list to get in currently and is 100 percent full. There is a room to move the rents up to increase income if so needed. Rents have not been raised in quite some time. There is a on site manager in place that maintains the property and does light repairs. Apartment is located close to schools, the hospital, 3M and Kholer.
Location
State TX
County Brown
Direction From Howard Payne University take Austin Ave South. Follow to Magnolia Drive. Take a right, property will be down on the left before the Food Plaza Convenience Store
Interior
Interior Features Tile Counters
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Tile
Appliance Dishwasher, Electric Range, Refrigerator
Heat Source Electric
Exterior
Utilities Available Asphalt, City Sewer, City Water, Curbs, Electricity Connected
Roof Type Composition
Parking Type Common, Parking Lot, Paved
Total Parking Spaces 30
Garage No
Building
Lot Description Few Trees, Interior Lot
Story One
Foundation Slab
Structure Type Block,Brick,Concrete,Siding
Schools
School District Brownwood Isd
Others
Ownership Hagood Holdings Llc
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
Special Listing Condition Affordable Housing
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Bought with Earl Bilbrey • Keller Williams Realty
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