About 722 N Sharp Street
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.
Features of 722 N Sharp Street
| MLS® # | 96682164 |
|---|---|
| Price | $3,400,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 20,800 |
| Square Footage | 60950 |
| Acres | 1.40 |
| Year Built | 2008 |
| Type | Residential Income |
| Sub-Type | Multi Family,5 Plus |
| Status | Active |
Community Information
| Address | 722 N Sharp Street |
|---|---|
| Area | 72 |
| Subdivision | Sharp Addition |
| City | Franklin |
| County | Robertson |
| State | TX |
| Zip Code | 77856 |
Amenities
| Utilities | Electric, Water Connected |
|---|---|
| Parking | More than Two |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Disposal, Microwave, Dishwasher, Refrigerator |
|---|---|
| Heating | Electric |
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Windows | Window Coverings |
|---|---|
| Roof | Composition |
| Construction | Brick |
School Information
| District | 202 - Franklin |
|---|---|
| Elementary | Reynolds Elementary School (Franklin) |
| Middle | Franklin Middle School |
| High | Franklin High School (Franklin) |
Additional Information
| Days on Website | 27 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | Texas Ally Real Estate Group, LLC |
|---|