196 W 17th Street
Mount Pleasant, TX, 75455
$
1,999,990
Bedrooms24
Baths18.8
Sq
12,000
Monthly Estimate*
$
13,813
for $1,999,990 with 24 bedrooms and 18 full baths, 8 half baths. This 12,000 square foot home was built in 2024 on a lot size of 0.61.
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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Features
Interior
Interior Features
Cable TV Available
Decorative Lighting
Eat-in Kitchen
High Speed Internet Available
Kitchen Island
Open Floorplan
Flooring
Luxury Vinyl Plank
Basement Y/N
0
Occupancy Rate
100
Total Units
8
Half Baths
8
Total Bedrooms
24
Total Baths
26
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General
Heating
Central
Natural Gas
Complex Name
n/a
Cooling
Ceiling Fan(s)
Central Air
Electric
Utilities
Cable Available
City Sewer
City Water
Individual Gas Meter
Individual Water Meter
Other
Possession
Closing/Funding
Negotiable
Roof
Shingle
Appliances
Built-in Gas Range
Dishwasher
Disposal
Gas Water Heater
Microwave
Plumbed For Gas in Kitchen
Refrigerator
School District
Mount Pleasant ISD
Pool Y/N
0
Exclusions
Tenants personal furniture and personal belongings.
Year Built
2024
Levels
Two
Property Subtype
Multiple Single Units
Subdivision Name
Ford Highlands Add
Occupant Type
Tenant
County
Titus
Property Type
Residential Income
Construction Materials
Brick
Other
Year Built Details
New Construction - Complete
Accessory Unit Y/N
N
HOA Type
None
# of Buildings
1
Full Baths
18
Status
Active
Directions
GPS to 196 W 17th Street Mount Pleasant
TX 75455
City
Mount Pleasant
Elementary School Name
Vivian Fowler
High School
Mount Pleasant
Elementary School
Vivian Fowler
Standard Status
Active
Junior High School
Mount Pleasant
Listing Terms
1031 Exchange
Cash
Conventional
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Exterior
Waterfront
0
Fencing
Back Yard
Wrought Iron
Lot Size Source
Builder
Parking Features
Direct Access
Driveway
Enclosed
Garage
Garage Door Opener
Garage Faces Rear
Garage Single Door
Lot Size
.5 to < 1 Acre
Foundation
Slab
Building Area Total
12000.00
Garage Y/N
1
Attached Garage Y/N
1
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* Excluded Features
List By
Richard Guilliams
Listing Agent
Luxe Estates Realty, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $13,813
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Multi-family listings in Mount Pleasant, TX
Average List Price
$1,824,997
Percent of Sale Price
9%
About Mount Pleasant, TX
16,400
Population
13%
Since 2002
$
43,925
Median Income
31.57
Median Age
36%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4044533
Elementary School
3672472
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
7/24/2026
|
$1,999,990
|
|
Listed Price
|