722 N Sharp Street,Franklin, TX 77856
Franklin, TX 77856
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.
Details
| MLS # | 96682164 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2008 |
| Days On Site | 131 |
| Listing Provided By | Texas Ally Real Estate Group, LLC | Mordekhai Harroch |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 20,800 |
| Story(s) | 1 |
| Units | 16 |
| Acreage | 60950.00 |
Taxes
| Tax Annual Amount | 31973 |
|---|
Area Information
| State | TX |
|---|---|
| County | Robertson |
| City | Franklin |
| Zip Code | 77856 |
| Area | 72 |
| Community Name | Sharp Addition |
| Listing VS Median (in Sharp Addition) | |
Price: $3,400,000 low | high Med: $3,400,000 sqft: 20,800 low | high Med: 20,800 $ / sqft: $163 low | high Med: $163 On site: 131 low | high Med: 131 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Robertson |
| City | Franklin |
| Zip Code | 77856 |
| Area | 72 |
| Community Name | Sharp Addition |
| Listing VS Median (in Sharp Addition) | |
Price: $3,400,000 low | high Med: $3,400,000 sqft: 20,800 low | high Med: 20,800 $ / sqft: $163 low | high Med: $163 On site: 131 low | high Med: 131 | |
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