Multifamily Investment with
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722 N Sharp Street, Franklin, TX 77856
16-unit complex of eight 3-bedroom, 2-bath duplexes, fully leased and producing current cash flow with tenant-paid utilities.
Days on Market7
Property Features for 722 N Sharp Street
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
16
Building Details
Tenancy
Multi
Listing Agency:
Texas Ally Real Estate Group LLC
Listed By:
Texas Ally · License #9001961
Source:
Crexi
Added: Jul 25
Changed: Jul 28
Last Checked: Jul 30 at 3:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Ally Real Estate Group LLC
Investment Insights
Based on property information with market context.
This well-maintained 16-unit multifamily property consists of eight duplexes, each featuring an all-3-bedroom, 2-bath layout. The asset is fully leased and currently generating cash flow, with tenants responsible for utilities. Recent capital improvements include new roofs and gutters, HVAC upgrades, and interior renovations, which have been completed to reduce near-term capital needs.
The property is located in Franklin, TX, within 20 minutes of Bryan/College Station and offers access to nearby manufacturing and industrial employment.
Additional operational features noted for the property include washer/dryer connections in place, along with on-site management and existing vendor relationships intended to support a smooth transition. Current rents are stated to range from $1,300 to $1,400, with approximately $190K–$200K in NOI.
The property is located in Franklin, TX, within 20 minutes of Bryan/College Station and offers access to nearby manufacturing and industrial employment.
Additional operational features noted for the property include washer/dryer connections in place, along with on-site management and existing vendor relationships intended to support a smooth transition. Current rents are stated to range from $1,300 to $1,400, with approximately $190K–$200K in NOI.
Key Highlights
- 16‑unit multifamily in Franklin, TX: eight duplexes with an all‑3‑bedroom, 2‑bath layout
- Fully leased and producing current cash flow; tenants pay utilities
- Nearly $200K in capital improvements, including new roofs and gutters, HVAC upgrades, and interior renovations
Property Analytics
Current Use
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 77856, TX
5,170
Population
2,642
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
372.7 sq mi
ZIP Area
14
Density / Sq Mi
$90,889
Median Household Income
$47,207
Median Earnings
$919
Median Rent
$245,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit complex of eight 3-bedroom, 2-bath duplexes, fully leased and producing current cash flow with tenant-paid utilities.
Where is this apartment building located?
The property is located at 722 N Sharp Street Franklin, TX.
What are key features of this property?
This property features: 16‑unit multifamily in Franklin, TX: eight duplexes with an all‑3‑bedroom, 2‑bath layout; Fully leased and producing current cash flow; tenants pay utilities; Nearly $200K in capital improvements, including new roofs and gutters, HVAC upgrades, and interior renovations
