Colonial Oaks Apartments offers a rare chance to acquire a 100% occupied, cash-flowing multifamily property just steps from Historic Downtown Brenham. Featuring sixteen well-maintained units—twelve one-bedroom and four two-bedroom layouts—across two buildings with covered parking, this charming mid-century complex provides tenants with a quiet courtyard setting and convenient access to local shops, dining, and entertainment. Its excellent location near Blinn College ensures a steady tenant base of students, professionals, and retirees alike. Situated within a federally designated Opportunity Zone, Colonial Oaks combines strong in-place income with exceptional long-term potential. Investors can benefit from tax incentives, market stability, and redevelopment flexibility, with options to reposition the property as short-term rentals or a boutique lodging concept to meet Brenham’s growing tourism demand. With a new roof, excellent maintenance record, and unbeatable walkable location, Colonial Oaks stands out as a secure and strategic investment opportunity in one of Brenham’s most desirable areas.