722 N Sharp St, Franklin, TX 77856
- $3,400,000
- 3
- BD
- 2
- BA
- 20,800
- SqFt
- List Price
- $3,400,000
- Status
- ACTIVE
- MLS#
- 96682164
- Price Change
- ▼ $49,000 1778871779
- Days on Market
- 105
- Year Built
- 2008
- Bedrooms
- 3
- Bathrooms
- 2
- Full-baths
- 2
- Living Area
- 20,800
- Lot Size
- 60,950
- Lot Size Source
- Appraiser
- Subdivision
- Sharp Addition
- Region
- 72
- County
- Robertson
Property Description
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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Additional Information
- Taxes
- $31,973
- Interior Features
- Window Treatments
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Stories
- 1
- Utilities
- Electricity Available, Water Available
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Roof
- Composition
- School District
- Franklin
- Elementary School
- Reynolds Elementary School (Franklin)
- Middle School
- Franklin Middle School
- High School
- Franklin High School (Franklin)
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Listing courtesy of Texas Ally Real Estate Group, LLC.