723 N Marsnhall Street Franklin, TX 77856
48 Beds
32 Baths
1.4 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Sharp Add
MLS Listing ID 21243947
Bedrooms 48
Full Baths 32
HOA Y/N None
Total Fin. Sqft 20080
Year Built 2008
Annual Tax Amount $31,973
Lot Size 1.399 Acres
Acres 1.399
Property Sub-Type Apartment
Property Description
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
State TX
County Robertson
Direction From Highway 79, Head North on N Owensville, Right on Carter St, until Sharp St.
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate, Luxury Vinyl Plank, Tile
Appliance Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Private Yard
Fence Back Yard, Fenced, Wood
Utilities Available City Sewer, City Water, Electricity Connected, Individual Water Meter
Roof Type Composition
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Reynolds
Middle Schools Franklin
High Schools Franklin
School District Franklin Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition Owner/ Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21243947
