196 W 17TH STREET, MT PLEASANT, TX 75455

Homes for sale in Mt Pleasant.

Homes for sale in 75455.


Active

List Price$1,999,990

196 W 17th Street

Mt Pleasant, TX 75455

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21333929

24

Bedrooms

18 full, 8 partial

Bathrooms

12,000

Square Feet

8

Number of Units

Multi-Unit Residential

Type

About This Property

8.42% Cap Rate - 100% Leased 8 New Construction Quality Build Townhouses! Rare opportunity to acquire a newly constructed eight-unit townhome investment portfolio in Mount Pleasant, Texas. Investment portfolio consisting of eight attached townhome units, each with its own address, being offered and sold as one complete package. Built in 2024, each thoughtfully designed residence features approximately 1,500 square feet with 3 bedrooms, 2.5 bathrooms, an attached one-car garage, an additional parking space, and a Low-maintenance fenced backyard. All eight units are currently income-producing, with seven leased to long-term tenants and one operating as a successful Airbnb, providing immediate cash flow and diversified income potential. Whether you're expanding an existing rental portfolio, completing a 1031 exchange, or seeking a turnkey income-producing investment, this unique offering delivers immediate cash flow with long-term appreciation potential and future investment flexibility. Ideally located just minutes from CHRISTUS Health -- Mount Pleasant Hospital, the recently opened CHRISTUS Health Mount Pleasant Emergency Care Center and multispecialty clinic, shopping, restaurants, schools, and major employers, Mount Pleasant serves as the commercial and healthcare hub of Northeast Texas. The nearby expansion of CHRISTUS Health further strengthens the area's long-term employment base and supports consistent rental demand from healthcare professionals, local residents, and area employers. Constructed in 2024, this portfolio offers investors the benefits of newer construction, modern finishes, and reduced near-term capital expenditures compared to older multifamily properties. Property is being offered for sale as one complete investment portfolio. Rent roll, lease information, Airbnb performance, and financial information are available to qualified buyers upon request.

Property Features

Location Information

County

Titus

Subdivision

Ford Highlands Add

Interior Features

Interior

Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Cable TV

Cooling

Central Air, Ceiling Fan(s), Electric

Full Baths

18

Floors

Luxury Vinyl Plank

1/2 Baths

8

Appliances

Some Gas Appliances, Built-In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator

Has Fireplace

No

Total Number of Units

8

Heating

Central, Natural Gas

Exterior Features

Stories

2

Garage Spaces

1

Is New Construction

Yes

Fencing

Back Yard, Wrought Iron

Construction

Brick, Other

Pool Description

None

Foundation

Slab

Lot Size in Acres

0.16

Roof

Shingle

Lot Size in Sq. Ft.

6,969

Utilities

Natural Gas Available, Other, Sewer Available, Separate Meters, Water Available, Cable Available

Buildings

1

Parking Description

Direct Access, Door-Single, Driveway, Enclosed, Garage, Garage Door Opener, Garage Faces Rear

Building Total Area (Sq. Ft.)

12,000

Has Garage

Yes

Is One Story

No

School

Elementary School District

Mount Pleasant ISD

Jr. High School

Wallace

Elementary School

Vivian Fowler

High School

Mount Pleasant

Additional Information

Year Built Details

New Construction - Complete

Has a Home Owners Association

No

Property Type

RI

Exclusions

Tenants personal furniture and personal belongings.

Year Built

2024

Lot Acres Source

Builder

Status

Active

Similar Listings

Mortgage Calculator

$9,339

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$7,207

Monthly Tax

$1,666

Monthly Insurance

$466

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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