196 W 17th Street, Mount Pleasant, Texas, 75455
$1,999,990
12,000 Sqft
0.61 Acres
24 bd
22 ba
#21333929
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
- 8 Unit(s)
- Utilities : Cable Available,City Sewer,City Water,Individual Gas Meter,Individual Water Meter,Other
- Parking Features: Direct Access,Driveway,Enclosed,Garage,Garage Door Opener,Garage Faces Rear,Garage Single Door
- 16 Parking Space(s)
- Has Garage
- Has Attached Garage
- 1 Covered Spaces
- Fencing : Back Yard,Wrought Iron
- Lot Features : Shingle
- Cooling: Ceiling Fan(s),Central Air,Electric
- Heating : Central,Natural Gas
- Construction Materials: Brick,Other
- Foundation Details: Slab
- Interior Features: Cable TV Available,Decorative Lighting,Eat-in Kitchen,High Speed Internet Available,Kitchen Island,Open Floorplan
- Appliances : Built-in Gas Range,Dishwasher,Disposal,Gas Water Heater,Microwave,Plumbed For Gas in Kitchen,Refrigerator
- Flooring : Luxury Vinyl Plank
- Levels : Two
PROPERTY DETAILS
ID: 21333929
Status: Active
Price: $1,999,990
Acres: 0.61 Acres
Price Per Acre: $3,278,672
Type: Other
Address: 196 W 17th Street
City, State: Mount Pleasant, Texas
County: Titus
Zip Code: 75455
Lat/Long: 33.172609, -94.97188
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