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1500 Magnolia Street

Brownwood, TX 76801
  • $1,000,000
  • STATUS: Active Option Contract
  • ON SITE: 24 Days
  • MLS #: 20153376
Under Contract
UPDATED: 48 min ago
$1,000,000
  • 20
    BEDS
  • 0.74
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

High School:
School District:
Offered by Earl Bilbrey of Keller Williams Realty: One.

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.

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rafter H Realty LLC. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Rafter H Realty LLC are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-09-25T22:40:22.477.
www.rafterhrealty.com/homes/132635142
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1500 Magnolia Street Brownwood, TX 76801

  • Price: $1,000,000
  • Status: Active Option Contract
  • On Site: 24 Days
  • Updated: 48 min ago
  • MLS #: 20153376
20
Beds
20
Baths
0
½ Baths
0.74
Acres
1981
Built
Neighborhood:
Morningside-Ben Fain Sub
County:
Brown
Area:
Brownwood
High School:
Brownwood
School District:
BROWNWOOD ISD
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.
Exterior Features

Carport Spaces 0 Construction BlockBrickConcreteSiding Construction Materials Walls 30 Covered Spaces 0 Dock Permitted No Foundation Slab Lot Description Few TreesInterior Lot Lot Size Source Appraiser Parking Or Garage CommonParking LotPaved Pool On Property No Roof Composition Waterfront YN No

Interior Features

Accessibility Features Accessible Approach With Ramp Appliances DishwasherElectric RangeRefrigerator Attached Garage No Basement No Cooling Ceiling Fan(S)Electric Fireplaces 0 Flooring Tile Garage No Handicap YN Yes Heating Electric Interior Features Tile Counters Kitchen Equipment 817-329-8850 Window Features Covered

Property Features

Accessory Unit YN No Alarm Or Security Type Fire Alarm Building Area Source Appraiser Building Area Total 13176.00 Complex Name Chaparral Apartments Construction Status Proposed Gross Annual Expenses 0.00 Gross Annual Income 0.00 HOA None Horse Permitted No Insurance Expense 0 Intermediate School Name Brownwood Lake Name Brownwood Lake Pump No List MLSProvider Metrotex Association Of Realtors Listing Terms 1031 ExchangeCashConventional Municipal Utility District No Net Operation Income 0 Operating Expense Includes MaintenanceManagerPest ControlWater/Sewer Possession Closing/Funding Property Type Apartment Senior Community No Special Notes Affordable Housing Tenancy Written Application Only Unexempt Taxes 14613 Utilities AsphaltCity SewerCity WaterCurbsElectricity Connected Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rafter H Realty LLC. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Rafter H Realty LLC are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-09-25T22:40:22.477.
 
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Rafter H Realty LLC
1308 Delaware Dr
Mansfield TX, 76063
Offered by Earl Bilbrey of Keller Williams Realty: One.