196 W 17th Street, Mount Pleasant, TX 75455
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: richard guilliams
Office: luxe estates realty, llc.
MLS#:21333929
Source:GDAR
Price summary
- Price:$1,999,990
- Price per sq. ft.:$166.67
About this home
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....
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Home facts
- Year built:2024
- Subdivision & Development:Ford Highlands Add
- Listing ID #:21333929
- Added:62 day(s) ago
- Updated:September 24, 2026 at 11:57 AM
Rooms and interior
- Bedrooms:24
- Total bathrooms:26
- Full bathrooms:18
- Half bathrooms:8
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Built In Gas Range, Dishwasher, Disposal, Microwave, Refrigerator
- Living area:12,000 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:2024
- Building area:12,000 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Mount Pleasant
- Middle school:Wallace,Mount Pleasant
- Elementary school:Vivian Fowler
Finances and disclosures
- Price:$1,999,990
- Price per sq. ft.:$166.67
Features and amenities
- Appliances:Built In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Some Gas Appliances
Parking
- Total parking spaces:16
- Garage:Yes
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