196 W 17th ST, Mt Pleasant, TX 75455
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196 W 17th ST, Mt Pleasant, TX 75455
196 W 17th ST, Mt Pleasant, TX 75455
196 W 17th ST, Mt Pleasant, TX 75455
196 W 17th ST, Mt Pleasant, TX 75455
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196 W 17th ST Mt Pleasant, TX 75455

24 Beds

26 Baths

12,000 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $166

Subdivision Ford Highlands Add

MLS Listing ID 21333929

Bedrooms 24

Full Baths 18

Half Baths 8

HOA Y/N No

Year Built 2024

Lot Size 6,969 Sqft

Acres 0.16

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.

Location

State TX

County Titus

Direction GPS to 196 W 17th Street Mount Pleasant, TX 75455

Interior

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

Heating Central, Natural Gas

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Luxury Vinyl Plank

Fireplace No

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

Exterior

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

Fence Back Yard, Wrought Iron

Pool None

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

Water Access Desc Public

Roof Type Shingle

Total Parking Spaces 16

Garage Yes

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Vivian Fowler

Middle Schools Wallace, Mount Pleasant

High Schools Mount Pleasant

School District Mount Pleasant Isd

Others

Tax ID 256243

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21333929


David Heape

David Heape

Realtor | License ID: 0610754

+1(214) 473-5000

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196 W 17th ST