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Investment Highlights
- ~$100 rent upside through interior renovations with manageable capital investment
- Supported by major employers, healthcare, and Brownwood’s expanding retail base
- Long-term stable ownership with strong occupancy history and minimal deferred maintenance
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of Camelot, a 124-unit apartment community located in Brownwood, Texas. The property offers a compelling value-add opportunity through interior renovations, with classic unit finishes supporting approximately $100 monthly rent premiums upon modernization. Camelot has been exceptionally well maintained during nearly a decade of stable ownership, resulting in strong occupancy performance, excellent physical condition, and minimal deferred maintenance. This operational history provides incoming ownership with a highly stable foundation and reduced near-term capital risk. Located near major Brownwood employers including Kohler, 3M, Superior Essex, Brownwood Regional Medical Center, and Howard Payne University, Camelot benefits from durable workforce housing demand and strong long-term market fundamentals in the heart of Texas.
Property Facts
| Sale Type | Investment | Lot Size | 8.79 AC |
| No. Units | 124 | Building Size | 145,917 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.79 AC |
| Building Size | 145,917 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
Site Amenities
- Picnic Area
- Playground
- Pool
- Furnished Units Available
- Grill
- Planned Social Activities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 43 | - | 353 - 1,173 |
| 1+1.5 | 4 | - | 905 |
| 2+1.5 | 60 | - | 850 - 1,205 |
| 3+2 | 13 | - | 1,066 |
| 3+2.5 | 4 | - | 1,505 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25972 | Improvements Assessment | $5,934,220 |
| Land Assessment | $111,300 | Total Assessment | $6,045,520 |
Property Taxes
Parcel Number
25972
Land Assessment
$111,300
Improvements Assessment
$5,934,220
Total Assessment
$6,045,520
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