Property
Beds
48
Full Baths
32
1/2 Baths
None
Year Built
2008
Sq.Footage
20,080
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 & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
48
-
Bathrooms
32
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Private Yard
-
Parking
Concrete
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.399
-
Lot Size(square feet)
60940.44
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$3,449,000
-
Tax Amount
$31,973
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Reynolds
-
Middle School
Franklin
-
High School
Franklin
Property Features
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Robertson
Elementary School
Reynolds
Middle School
Franklin
High School
Franklin
Listing Courtesy of Mordekhai Harroch , Texas Ally Real Estate Group
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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