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722 N Sharp St, Franklin, TX 77856

$3,400,000
: 3
BD
: 2
BA
: 20,800
SqFt

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List Price: $3,400,000
Price Change: ▼ $49,000 1778871779
MLS#: 96682164
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 2008
Bedrooms: 3
Bathrooms: 2
Living Area: 20,800
County: Robertson
Area: 72
City: Franklin
Subdivision: Sharp Addition

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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.

972-509-7100 Dallas

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Additional Information

Unexempt Taxes: $31,973
Lot Size: 60,950
Interior Features: Window Treatments
Flooring: Laminate, Plank, Tile, Vinyl
Roof: Composition
Stories: 1
School District: Franklin
Elementary School: Reynolds Elementary School (Franklin)
Middle School: Franklin Middle School
High School: Franklin High School (Franklin)