722 N Sharp ST Franklin, TX 77856
3 Beds
2 Baths
20,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 20,800 sqft
Price per Sqft $168
Subdivision Sharp Addition
MLS Listing ID 96682164
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 2008
Annual Tax Amount $31,973
Tax Year 2025
Property Sub-Type Multi Family
Property Description
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.
Location
State TX
County Robertson
Interior
Interior Features Window Treatments
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate, Plank, Tile, Vinyl
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Laundry Washer Hookup, Dryer Hookup
Exterior
Fence Partial
Utilities Available Electricity Available, Water Available
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Schools
Elementary Schools Reynolds Elementary School (Franklin)
Middle Schools Franklin Middle School
High Schools Franklin High School (Franklin)
School District 202 - Franklin
Others
Tax ID 060800-000180
Security Features Fire Alarm
