Courtesy: Texas Ally Real Estate Group, LLC
512-763-2559
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/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.
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Franklin is located in Texas. Franklin, Texas has a population of 1,358. Franklin is more family-centric than the surrounding county with 28.71% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Franklin, Texas is $48,625. The median household income for the surrounding county is $55,709 compared to the national median of $69,021. The median age of people living in Franklin is 40.1 years.
The average high temperature in July is 94.4 degrees, with an average low temperature in January of 37 degrees. The average rainfall is approximately 39.4 inches per year, with 0.4 inches of snow per year.
