722 North Sharp Street

Franklin TX 77856

20800 sq. ft.

60950 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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

3 bedrooms

2 bathrooms

20800 sq. ft. floor area

60950 sq. ft. lot size

Multi-Family

Property history for 722 North Sharp Street

2022

Sold

Undisclosed

19 Aug 2022 by Keith Clements, of Equity Real Estate

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