196 W 17th St - Apartments FOR SALE


Mount Pleasant, TX 75455
$1,999,990 USD
469-831-6893
196 W 17th St, Mount Pleasant, TX for Sale
$1,999,990 USD
Apartments - FOR SALE
1/23
null | 8.43% Cap Rate

196 W 17th St
Mount Pleasant, TX 75455


HIGHLIGHTS

  • Annual Gross Income of $220,800
  • Annual NOI of $168,432
  • 8-Unit Townhome Investment Portfolio
  • 100% Income-Producing
  • 8.43% Cap Rate
  • Separate Addresses – Sold as One Portfolio

OVERVIEW

8.42% Cap Rate - 100% Leased 8 - 2024 Construction Quality Build TownhousesThe Urbans on 17th | 8-Unit Townhome Investment Portfolio. 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.

FOR SALE DETAILS

PRICE

$1,999,990 USD

PRICE/SF

$167 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,999

CAP RATE

8.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Urbans on 17th

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Richard GuilliamsLuxe Estates Realty, LLCMore Info
469-831-6893

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Richard GuilliamsLuxe Estates Realty, LLCMore Info
469-831-6893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.