Casa Grande

2703 Southside Drive, Brownwood, TX

$1,200,000

Price

17,200 sqft

Building Size

26

Units

Gallery
Street
Map
Overview
Building Size
17,200 sqft
Units
26
Year Built
1979
Floors
2
Description

The Casa Grande Apartments are a 26-unit community located in Brownwood, TX. The unit mix is split between fourteen 2bed/2bath units and twelve 1bed/1bath units. Recent capital improvements include new roofs & gutters, exterior paint & siding, staircases, unit upgrades & carports. Both the physical condition and location of the property (0.7 miles from Brownwood Highschool) attribute to the consistent rental demand. This opportunity offers the ability to maintain & improve income while also eliminating & offsetting various expenses to increase NOI. 


The city of Brownwood is strategically placed in the center of Texas and splits the difference between the four familiar markets of Abilene, Temple/Killeen, San Angelo & DFW. With access to 4 major highways, 3 railways and a regional airport, top employers that thrive here include 3M Companies (manufacturing), Hendrick Medical Center, Kohler (plumbing) and more. People are drawn to the natural outdoor beauty of Brownwood in the north hill country and outdoor activities available with Lake Brownwood. Brownwood is also amongst the top affordable cities in the state of Texas with their cost of living index being only 71 compared to Texas' cost of living index of 94.2.


*Less than 1 mile from local high school & elementary
*CAPEX roofs, paint & siding, units, carports & more
*Cut/offset expenses & increase NOI through operation
*Thriving business with central location & easy access

Documents
Location
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