401 E Main ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Brenham,TX 77833
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Coming Soon
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
Year Built 1960
Lot Size 0.561 Acres
Property Sub-Type 5 Plus
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
Interior
Heating Wall Heater
Cooling Window Units
Flooring Carpet,Laminate,Tile
Exterior
Utilities Available Cable,Electric,Gas,Water
Roof Type Composition
Building
Story 2
Unit Features Carpets
Lot Size Range 1/4 Up to 1/2 Acre
Structure Type Brick,Wood
New Construction No
Schools
Elementary Schools Bisd Draw
Middle Schools Brenham Junior High School
High Schools Brenham High School
School District 137 - Brenham
Others
Senior Community No
Restrictions Unknown
Tax ID R24024
Energy Description Ceiling Fans
Acceptable Financing Cash Sale,Conventional
Disclosures No Disclosures
Listing Terms Cash Sale,Conventional
Financing Cash Sale,Conventional
Special Listing Condition No Disclosures