722 N SHARP STREET, FRANKLIN, TX 77856
Homes for sale in Franklin.
Homes for sale in 77856.
722 N Sharp Street
Franklin, TX 77856
List Price$3,499,000
Listing #96682164
3
Bedrooms
2 full
Bathrooms
20,800
Square Feet
16
Number of Units
Multi-Unit Residential
Type
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.
Property Features
Location Information
County
Robertson
Subdivision
Sharp Addition
Latitude
31.032987
Directions
From Highway 79, Head North on N Owensville, Right on Carter St, until Sharp St.
Longitude
-96.484846
Interior Features
Interior
Window Treatments
Total Number of Units
16
Exterior Features
Stories
1
Lot Size in Acres
0
Is New Construction
No
Lot Size in Sq. Ft.
60,950
Construction
Brick
Is One Story
Yes
School
School District
Franklin
Middle School
FRANKLIN MIDDLE SCHOOL
Elementary School
REYNOLDS ELEMENTARY SCHOOL (FRANKLIN)
High School
FRANKLIN HIGH SCHOOL (FRANKLIN)
Additional Information
Property Type
RI
Year Built
2008
Property SubType
Multi Family
Status
Active
Similar Listings
Mortgage Calculator
$16,339
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$12,608
Monthly Tax
$2,915
Monthly Insurance
$816
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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