For Sale

Listed by Mordekhai Harroch from Texas Ally Real Estate Group

Source: Houston Association of Realtors, Inc. #96682164

722 North Sharp Street, Franklin, TX, 77856

$3,449,000

3
2
20800 sq. ft.
60950 sq. ft.

MultiFam

•

30+ days on the market

What's around 722 North Sharp Street

About this property

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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