BEDS48
BATHS32 full
MLS#21243947
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSharp Add
SCHOOLFranklin ISD
Property Description
Attractive and well-maintained 16-unit multifamily investment in Franklin, TX consisting of 8 duplexes with a hard-to-find all 3-bedroom, 2-bath layout and limited competing inventory, supporting strong and consistent tenant demand. Located within 20 minutes of Bryan-College Station with access to nearby manufacturing and industrial employment.Fully leased and producing immediate cash flow. Tenants pay utilities, helping maintain efficient operating margins. Nearly $200K in capital improvements completed, including new roofs and gutters, HVAC upgrades, and interior renovations, reducing near-term capital needs.Current rents range from $1,300 to $1,400, generating approximately $190K–$200K NOI. Additional upside through continued rent growth, washer and dryer installation (connections in place), and further interior and site enhancements. On-site management and vendor relationships in place, providing for a smooth transition and ease of ownership.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Heating: Central, Electric
Lot Size: 1.40 Acres
Roof Type: Composition
Year Built: 2008
Amenities
Open Floorplan
Private Yard
Feature Descriptions
Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
Days on Site: 1
Exterior: Brick
Fencing: Back Yard, Fenced, Wood
Flooring: Laminate, Luxury Vinyl Plank, Tile
Parcel#: 060800000180
Parking: Concrete
Parking Notes: Concrete
Security: Smoke Detector(s)
Units: 16
Utilities: City Sewer, City Water, Electricity Connected, Individual Water Meter
Window: Window Coverings
Local Schools
Elementary School: Reynolds
School District: Franklin ISD
Listed By / Shown By
Listed By
Agency Name: Texas Ally Real Estate Group
Agency Contact: 832-388-3125
Agent Name: Mordekhai Harroch
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 8,807.80 per month $7,787.26 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,020.54 Homeowner's Insurance
723 N Marsnhall Street | MLS# 21243947
This multi-family property located at 723 N Marsnhall Street, Franklin, TX 77856 is currently listed for sale with an asking price of $3,499,000. N Marsnhall Street is located within the Franklin ISD school district. Search Franklin real estate on www.kellyrealtors.com today.