Eco Friendly - Seller Financing
13 Units Waterstone Way, Brownwood, TX
$ 2,999,999
Property Attributes
  • MLS#20496624
  • TypeMulti-Family
  • CountyBROWN
  • CityBrownwood
  • NeighborhoodWaterstone
  • Zip76801
  • StyleMultiple Single Units
  • Price$ 2,999,999
  • Bedrooms39
  • Full Bathrooms13
  • Half Bathrooms0
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Highly sought-after, well built, luxurious Waterstone Condominium Complex. There are 13 units included in this offering out of a total of 26. All of the units are currently rented except #1403, which is occupied by the current owner. Some of the units are one story and some are two story. Amenities include spacious 3 bedroom 2 bath units with open layouts, cathedral ceilings, crown molding, private back yards, and lots of windows with an abundance of natural light. The units have tile & carpet flooring, stainless steel appliances, granite countertops, storage space, glass enclosed showers, master suites, walk-in closets, utility rooms with washer dryer connections, covered patios, and 1 car garages. The complex includes a club-house, swimming pool, privacy & rod iron fencing, concrete paved parking, exterior lighting, and more. Demand to rent the units has been strong with very good rental rates being achieved during the past 12+- months.

Elementary School
Woodlandht Elementary School
Price History
12/18/2023 Listed $2,999,999

General Features

Heating Central,Electric
Complex Name The Waterstone Condos
Cooling Ceiling Fan(s),Central Air,Electric,Roof Turbine(s),Wall/Window Unit(s)
Utilities All Weather Road,Asphalt,Cable Available,City Sewer,City Water,Electricity Available,Electricity Connected,Phone Available,Sewer Available,Sidewalk,Underground Utilities
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator
Assoc Fees 4160
Number of Garage Spaces 1
School District Brownwood ISD
HOA Fee Includes Insurance,Maintenance Grounds,Maintenance Structure,Management Fees,Pest Control,Security,Sewer
Capitalization Rate 5.79
Year Built 2022
Tenancy 6 Months or Less
Community Features Club House,Community Sprinkler,Curbs,Pool,Sidewalks
Levels Multi/Split
Will Subdivide No
Gross Annual Expenses 90339.00
Property SubType Multiple Single Units
Subdivision Name Waterstone
Accessibility Features Accessible Approach with Ramp,Accessible Bath - Full,Accessible Bedroom,Accessible Doors,Accessible Entrance,Accessible Hallway(s),Accessible Kitchen,Meets ADA Requirements
Occupant Type Tenant
Occupant Name Ron
County Brown
Operating Expense Includes Accounting,Insurance,Legal,Licenses,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Mortgage/Loans,Payroll,Pest Control,Professional Management,Staff,Supplies,Trash,Utilities,Water/Sewe
Property Type Residential Income
Security Features Carbon Monoxide Detector(s),Fire Alarm,Security System Owned,Smoke Detector(s)
Construction Materials Rock/Stone,Siding
Association Fee Frequency Monthly
Year Built Details Preowned
Accessory Unit YN Yes
HOA Type Mandatory
Special Notes Aerial Photo,Flood Plain
# of Buildings 13
Status Active
Directions The property is located next door to the Vicksburg Retirement Community,approximately two miles south of downtown Brownwood,1.5 miles northeast of the Hendrick Medical Center,in the southern portion
City Brownwood
Buyer Agent Compensation 2.5
Elementary School Name Woodlandht
High School Brownwood
Street Name Waterstone
Elementary School Woodlandht
Virtual Tour URL Unbranded
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Built-in Features,Cable TV Available,Cathedral Ceiling(s),Walk-In Closet(s)
Flooring Carpet,Ceramic Tile
Occupancy Rate 95
Total Units 13
Unit Count 2
Lock Box Type Blue BT LE
Street Suffix Way
Total Bedrooms 39

Exterior Features

Exterior Features Covered Patio/Porch
Lot Features Cul-De-Sac,Few Trees,Landscaped,Sprinkler System
Fencing Back Yard,Privacy,None
Lot Size Source Assessor
Parking Features Concrete
Lot Size 3 to < 5 Acres
Foundation Slab
Pool Features Fenced,Gunite,In Ground
Lot Size Area 0.0000
Number Of Parking Spaces 26
Lot Size Units Acres
Building Area Total 19819.00
Garage Y/N Yes
Lot Size Square Feet 0.0000
Lot Size Acres 0.0000
Patio And Porch Features Covered
Attached Garage Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 76801

AVG $990K
AVG 152
Data Provided by Inside Real Estate®
Year Built
AVG 2022

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