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Investment Highlights

  • Annual Gross Income of $220,800
  • 8-Unit Townhome Investment Portfolio
  • 8.43% Cap Rate
  • Annual NOI of $168,432
  • 100% Income-Producing
  • Separate Addresses – Sold as One Portfolio

Executive Summary

(more photos July 23 will be posted) - The Urbans on 17th | 8-Unit Townhome Investment Portfolio. 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.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,999,990
Price Per Unit $249,999
Sale Type Investment
Cap Rate 8.43%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Gross Rent Multiplier 9.05
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Building Size 12,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 41364727

  • Date on Market: 7/20/2026

  • Last Updated:

  • Address: 196 W 17th St, Mount Pleasant, TX 75455

Contact the Sale Advisor

The Urbans on 17th | 196 W 17th St

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