The Brownwood Cottages is a well-maintained multi-family property consisting of five duplexes (10 total units) situated on a 21,300-square-foot lot. A newly constructed 4,000-square-foot concrete parking lot provides off-street parking for tenants. Located on its own block on Main Street in downtown Brownwood, this property offers unparalleled walkability to shops, coffee houses, and restaurants. It is also just a five-minute walk to Howard Payne University and a seven minute drive to Hendrick Medical Center. Each unit features: -Open-concept living and dining area -Full kitchen with oven, refrigerator, and dishwasher -Laundry hookups in-unit -Two bedrooms / one bathroom layout -Faux wood vinyl plank flooring throughout -Central heating and air conditioning (HVAC) The property has undergone significant renovations including new appliances and flooring, new 4,000 SF concrete parking lot (2020), HVAC system replacements (2020), and plumbing upgrades (2023). With these modern updates and well-maintained systems, the property’s ongoing maintenance costs are projected to remain under 5% of rental income, ensuring strong cash flow for future ownership.