About This Home

This 24-bedroom, 26-bathroom residential multi family at 196 W 17th Street in Mount Pleasant, TX is listed for $1,999,990 ($167 per sqft). Built in 2024, the home offers 12,000 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 2024
  • 0.16 acre lot
  • 2 stories
  • 16 parking spaces

Property Details

2 stories
18 full, 8 half
16 spaces
2024

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$10,696/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,667
Insurance$583

Estimates only. Actual payments may vary.

Location

196 W 17th Street

Mount Pleasant, TX 75455

Ford Highlands Add

Features & Amenities

Interior Features

DecorativeDesignerLightingFixturesEatInKitchenHighSpeedInternetKitchenIslandOpenFloorplanCableTv

Property Details

Flooring

Vinyl

Construction

Brick

Parking

GarageOpenDriveway

Heating

CentralNatural Gas

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

SomeGasAppliancesBuiltInGasRangeDishwasherDisposalGasWaterHeaterMicrowavePlumbedForGasRefrigerator

Questions & Answers

This 24-bedroom, 26-bathroom residential multi family at 196 W 17th Street is listed at $1,999,990 ($167/sqft). The estimated monthly payment is $10,696 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2024, 0.16 acre lot, 2 stories, 16 parking spaces. Interior Features: DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet.

This property is listed by Richard Guilliams.

RG

Richard Guilliams

Agent at Luxe Estates Realty

Listed by Luxe Estates Realty · Broker phone: (469) 831-6893 · View on Broker Site · Broker website

MLS# 21333929· Source: North Texas Real Estate Information Systems, Inc.· Added to PropertySimple today

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

196 W 17th Street, Mount Pleasant, TX 75455

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