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$188,860

NAL Estimated Property Value

406 W Lee Street, Brownwood, TX, 76801

Off MarketInfo
Beds6 Beds
Baths6 Bath
Baths4,128 Sq Ft
ApartmentApartment
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 6Bathrooms 6
AppliancesGas Range, Gas Water Heater, Refrigerator
FlooringCarpet, Hardwood, Vinyl

Exterior

Lot Size6,499 sqft

Land Information

APN55759
SubdivisionRankin
Land UseResidential
Legal DescriptionRANKIN, BLOCK 2, LOT 65X100
Census Tract950700
Assessed Land Value$4,880
Assessed Improvement Value$183,980
Assessment Year2025

About this property

With the right owner this could be a monthly income. If you are looking to purchase a rental property then look no more. You could actually live in one of the units and rent out the other units for income. The listing is 6-1 bedroom, 1 bath apartments some are already HUD approved. The main brick building has 2 apartments upstairs and 2 apartments downstairs all interior entry. The garage apartments located in the back offers 2-1 bedroom, 1 bath upstairs apartments with a large storage area below. The home is located right next to the TSTC school and walking district to many retail stores and restaurants. The historic downtown Brownwood is just a few blocks away. With the right owners this could be made into a cute rental property, The listing is being sold as is. Call today to schedule a showing.

Investor Tools

Property Icon
$188,860
Estimated Property Value
$0Estimated Mortgage Balance
$188,860Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,412 /month
Positive
Cash Flow Estimate:
$471 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$415/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,031
$188,860
2025
$4,880
$183,980
$188,860
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,031
$188,860

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$188,860
100%
0%
$0/mo

City: Brownwood

406 W Lee Street | Property Details | No Agent List