• 1434 16th Mount Pleasant, Texas 75455

  • $4,250,000
  • 2
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 5.378
    Acres

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.

Property Type :

Residential Income

County :

Titus

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 2

Bathroom Information

Full Baths: 1

Interior Features

Cable TV Available

Appliances

Electric Range

Utilities

City Sewer,City Water,Electricity Connected,Master Water Meter

Cooling Features

Central Air,Electric

Heating Source

Central,Electric

Building Information

Built Year: 2023

Building Area Total: 38,408

Construction: Siding

Roof Type: Composition,Metal

Foundation

Slab

Construction Materials

Siding

Lot Information

Lot Size (Acr): 5.3780

Lot Size Units: Acres

Lot Size Square Feet: 234265.6800

Property Information

Property Type: Residential Income

Property Sub Type: Apartment

Subdivision: None

City: Mount Pleasant

State: Texas

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

Property Status: Active

Levels: Multi/Split

Property Age: 1

Year Built Details: Preowned

Listing Price Information

Original List Price: $4,250,000

Listing Information

Possession: Closing/Funding

Tax Information

Parcel Number: 12063

Tax Legal Description: MT PLEASANT CITY BLOCKS BLK 312A LOT LOT 1-A REPLA

Parking Information

Parking: 100

Parking Features: Common

Homeowners Association Information

HOA Type: None

School Information

Middle School: Wallace

High School: Mount Pleasant

Junior High School: Mount Pleasant

School District: Mount Pleasant ISD

Utility Information

Utilities: City Sewer,City Water,Electricity Connected,Master Water Meter

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
000 Cr 1660, Mount Pleasant, TX,75455 $146,700 -- -- -- 16.3 Acres
0000000 Cr 1660, Mount Pleasant, TX,75455 $189,300 -- -- -- 18.93 Acres
00000000 Cr 1660, Mount Pleasant, TX,75455 $130,500 -- -- -- 13.7 Acres
TBD Cr 1670, Mount Pleasant, TX,75455 $750,000 -- -- -- 167.521 Acres
TBD Cr 4663, Mount Pleasant, TX,75455 $400,500 -- -- -- 44.473 Acres
116 Cr 4824, Mount Pleasant, TX,75455 $787,000 -- -- -- 40.29 Acres
TBD County Road 4215, Mount Pleasant, TX,75455 $250,000 -- -- -- 5.3 Acres
114 Mockingbird, Mt Pleasant, TX,75455 $325,000 3 2 3,210 0.854 Acre
County Rd 1740 , Mount Pleasant, TX,75455 $49,900 -- -- -- 98794 Sqft
120 Cardinal Lane, Mount Pleasant, TX,75455 $364,000 3 2 1,600 1.053 Acres
MLS Logo

Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2024. All rights reserved

ByOwner last updated this listing 05/07/2024 @ 00:10

MLS: 435795716
LISTED BY: Brad Buchanan, Lighthouse Realty
SOURCE: NTREIS - North Texas Real Estate Information
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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