
$3,499,000 USD
Apartment for Sale, 723 Marsnhall Street, Franklin, Texas 77856
- MLS#21243947
- 48
- 32
Listed By Texas Ally Real Estate Group
The Apartment for Sale located at 723 Marsnhall Street, Franklin, Texas 77856 is currently for sale. 723 Marsnhall Street, Franklin, Texas 77856 is listed for $3,499,000. This property has 48 bedrooms, 32 bathrooms.
Property features
Property
- Location: Building Or Complex Name
Lot/Land
- Land/Lot size:
0 m² (1.4 ft²) - Fencing: Wood
Construction
- Year built: 2008
- Roofing: Composition
- Condition: Resale
- Construction: Brick
- Basement and foundation: On Slab
Parking/Garage
- Parking spaces: 32
Bedrooms
- Bedrooms: 48
Bathrooms
- Total bathrooms: 32
- Full bathrooms: 32
Interior Features
- Windows: Window Coverings
- Floors: Laminate
Heating and Cooling
- Heating system: ElectricCentral
- Cooling system: ElectricCentral
Utilities
- Other utilities: City WaterIndividual Water MeterCity Sewer
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.
Location
723 Marsnhall Street, Franklin, Texas 77856