722 N Sharp St Franklin, TX 77856
$3,400,000
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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InteriorFloors:Laminate,Tile,Vinyl PlankHeating:Central ElectricCooling:Central ElectricDishwasher:YesDisposal:YesMicrowave:Yes
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ExteriorRoof:CompositionExterior Type:BrickParking Unit:More than Two
Listed By:
Mordekhai Harroch
Texas Ally Real Estate Group, LLC
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