Address
1434 16th, Mount Pleasant, TX
Price
$ 4,250,000
Property Attributes
- MLS#20529445
- TypeMulti-Family
- CountyTITUS
- CityMount Pleasant
- Zip75455
- StyleApartment
- Price$ 4,250,000
- Bedrooms48
- Full Bathrooms48
- Half Bathrooms0
- Lot Size5.378 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
I'm pleased to present the exclusive offering of Heritage Apartments, a unique, turn-key opportunity in Mount Pleasant, Texas. The property consists of 48 total units averaging 800 square feet. With 16 units constructed in 2023, 16 units constructed in 2021, and 16 units constructed in 2022 (all exterior have been remodeled and 7 interior have been remodeled). Heritage apartments all have the same two bedroom, 1 bathroom floorplan. All units have individual HVACs and electric hot water heaters. The property is currently 100% occupied. Plus. an oversized laundromat with owned washers and dryers for additional income.
| Price History | |
|---|---|
| 2/6/2024 | Listed $4,250,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | Heritage Apartments |
| Cooling | Central Air,Electric |
| Utilities | City Sewer,City Water,Electricity Connected,Master Water Meter |
| Possession | Closing/Funding |
| Roof | Composition,Metal |
| Appliances | Electric Range |
| School District | Mount Pleasant ISD |
| Capitalization Rate | 7.76 |
| Year Built | 2023 |
| Levels | Multi/Split |
| Will Subdivide | No |
| Gross Annual Expenses | 162000.00 |
| Property SubType | Apartment |
| Subdivision Name | None |
| Insurance Expense | 33408 |
| County | Titus |
| Operating Expense Includes | Capital Improvements,Insurance,Maintenance Structure,Pest Control,Trash,Utilities,Water/Sewer |
| Property Type | Residential Income |
| Construction Materials | Siding |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 5 |
| Status | Active |
| Directions | From I-30 E,take exit 160 onto US-271,turn right on W Ferguson Rd,left on W 16th,property on the left before Heritage Park |
| City | Mount Pleasant |
| Buyer Agent Compensation | 2.5 |
| High School | Mount Pleasant |
| Street Name | 16th |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20529445 |
| Standard Status | Active |
| Junior High School | Mount Pleasant |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Cable TV Available |
|---|---|
| Flooring | Laminate |
| Total Units | 48 |
| Unit Count | 1 |
| Full Baths | 1 |
| Lock Box Type | See Remarks |
| Total Bedrooms | 2 |
Exterior Features
| Parking Features | Common |
|---|---|
| Foundation | Slab |
| Lot Size Area | 5.3780 |
| Number Of Parking Spaces | 100 |
| Lot Size Units | Acres |
| Building Area Total | 38408.00 |
| Lot Size Square Feet | 234265.6800 |
| Lot Size Acres | 5.3780 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 75455
Price
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
