About 723 N Marsnhall Street
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.
Features of 723 N Marsnhall Street
| MLS® # | 21243947 |
|---|---|
| Price | $3,449,000 |
| Bedrooms | 48 |
| Bathrooms | 32.00 |
| Full Baths | 32 |
| Square Footage | 20,080 |
| Acres | 1.40 |
| Year Built | 2008 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 723 N Marsnhall Street |
|---|---|
| Subdivision | Sharp Add |
| City | Franklin |
| County | Robertson |
| State | Texas |
| Zip Code | 77856 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected, Individual Water Meter |
|---|---|
| Parking Spaces | 32 |
| Garages | Concrete |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Open Floorplan |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Roof | Composition |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Franklin ISD |
|---|---|
| Elementary | Reynolds |
| Middle | Franklin |
| High | Franklin |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Mordekhai Harroch |
|---|---|
| Office | Texas Ally Real Estate Group |
| Contact Info | 832-388-3125 |