196 W 17th Street , Mount Pleasant, TX 75455

$1,999,990
  • 196 W 17th Street , Mount Pleasant, TX 75455 Main Photo

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New to the Market Active
BEDS24 BATHS18 full 8 partial SQUARE FEET12,000 MLS#21333929
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFord Highlands Add SCHOOLMount Pleasant ISD

Property Description

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.

196 W 17th Street | MLS# 21333929

This multi-family property located at 196 W 17th Street , Mount Pleasant, TX 75455 is currently listed for sale with an asking price of $1,999,990. W 17th Street is located within the Mount Pleasant ISD school district. Search Mount Pleasant real estate on kellybrooks.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Shingle
Year Built: 2024

Amenities

Cable TV Available
Decorative Lighting
Eat-in Kitchen
High Speed Internet Available
Kitchen Island
Open Floorplan

Feature Descriptions

Appliances: Built-in Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave, Plumbed For Gas in Kitchen, Refrigerator
Exclusions: Tenants personal furniture and personal belongings.
Exterior: Brick, Other
Fencing: Back Yard, Wrought Iron
Flooring: Luxury Vinyl Plank
Parcel#: 256243
Parking: Direct Access, Driveway, Enclosed, Garage, Garage Door Opener, Garage Faces Rear, Garage Single Door
Parking Notes: Direct Access, Driveway, Enclosed, Garage, Garage Door
Units: 8
Utilities: Cable Available, City Sewer, City Water, Individual Gas Meter, Individual Water Meter, Other

Local Schools

Elementary School: Vivian Fowler
School District: Mount Pleasant ISD

Listed By / Shown By

Listed By

Agency Name: Luxe Estates Realty, LLC
Agency Contact: 469-831-6893
Agent Name: Richard Guilliams

agent picture

Shown By

Agent Name: Kelly Brooks
Agent Phone: (254) 651-9267
Agency Title: Kelly, Realtors

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Estimated Payment

$ 5,034.44 per month $4,451.11 Principal & Interest $0.00 Property Tax (data not provided by mls) $583.33 Homeowner's Insurance

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