401 E Main ST Active

Brenham,TX 77833

$ 1950000

2 Beds

1 Bath

13200 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,200 sqft

Price per Sqft $147

Subdivision East Main

MLS Listing ID 24577371

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1960

Property Sub-Type Multi Family

Property Description

Colonial Oaks is an architecturally unique, fully leased 16-unit multifamily offering within the Opportunity Zone, just steps from historic Downtown Brenham shopping and dining and one mile to Blinn College Main Campus. With 12 one-bedroom units and four two-bedroom units spread across two buildings, Colonial Oaks provides covered off-street parking and offers a tranquil and well-maintained place for seniors, professionals, and students to call home. This stabilized asset in a rapidly growing market with limited inventory can be operated as-is for cash flow or is a prime candidate to put Opportunity Zone tax benefits to work by redeveloping the property into an Airbnb or boutique hotel, for which competition is scarce, and demand is high.

Location

State TX

County Washington

Area 58

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Laminate,Tile,Carpet

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Carport

Utilities Available Cable Available,Electricity Available,Natural Gas Available,Water Available

Roof Type Composition

Building

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Bisd Draw

Middle Schools Brenham Junior High School

High Schools Brenham High School

School District 137 - Brenham

Others

Tax ID R24024

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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