196 W 17TH STREET, MT PLEASANT, TX 75455
Homes for sale in Mt Pleasant.
Homes for sale in 75455.
List Price$1,999,990
196 W 17th Street
Mt Pleasant, TX 75455
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
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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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