Home Details for 723 N Marsnhall Street

Well-maintained 16-unit multifamily asset (comprised of 8 duplexes) located in Franklin, TX, offering a highly desirable unit mix of all 3-bedroom, 2-bath layouts—an uncommon feature with minimal competing inventory. The property sits within a 20-minute drive of Bryan–College Station and benefits from stable demand driven by nearby industrial and manufacturing employers. Tenants are responsible for all utilities, while ownership covers landscaping and general common area maintenance, helping maintain operational efficiency. Nearly $200K in recent capital improvements have been completed, including roof and gutter replacements, HVAC upgrades, and ongoing interior renovations—significantly reducing immediate capital expenditure requirements. The property is fully occupied with current rents ranging from $1,300 to $1,400 per unit and generates an estimated NOI of $190K–$200K. Additional value-add potential exists through continued rent increases, installation of washer-dryer units (with existing hookups), and further interior and exterior enhancements. On-site management is in place, along with established relationships with local vendors, supporting smooth ongoing operations.

• Cooling Information

  • Central Air
  • Electric

• Heating Information

  • Central
  • Electric

• Water Features

  • Public

• House Interior

  • Open Floorplan

• Utilities

  • Electricity Connected

• Parking

  • Concrete