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1434 16th

Mount Pleasant, TX 75455
  • $4,250,000
  • STATUS: Pending
  • ON SITE: 243 Days
  • MLS #: 20529445
Pending
UPDATED: 45 min ago
$4,250,000
  • 2
    BEDS
  • 5.38
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Information

High School:
School District:
Offered by Brad Buchanan of Buchanan Realty: 903-573-2324.

Description

I'm pleased to present the exclusive offering of Heritage Apartments, a unique, turn-key opportunity in Mount Pleasant, Texas. Theproperty consists of 48 total units averaging 800 square feet. With 16 units constructed in 2023, 16 units constructed in 2021, and 16units constructed in 2022 (all exterior have been remodeled and 7 interior have been remodeled). Heritage apartments all have the sametwo 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.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sold by Rosemary Lewis | eXp Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Sold by Rosemary Lewis | eXp Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-10-07T12:43:32.02.
www.soldbyrosemarylewis.com/homes/147315883
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1434 16th Mount Pleasant, TX 75455

  • Price: $4,250,000
  • Status: Pending
  • On Site: 243 Days
  • Updated: 45 min ago
  • MLS #: 20529445
2
Beds
1
Baths
0
½ Baths
5.38
Acres
2023
Built
Neighborhood:
None
County:
Titus
Area:
Mount Pleasant
High School:
Mount Pleasant
School District:
MOUNT PLEASANT ISD
Property Description
I'm pleased to present the exclusive offering of Heritage Apartments, a unique, turn-key opportunity in Mount Pleasant, Texas. Theproperty consists of 48 total units averaging 800 square feet. With 16 units constructed in 2023, 16 units constructed in 2021, and 16units constructed in 2022 (all exterior have been remodeled and 7 interior have been remodeled). Heritage apartments all have the sametwo 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.
Exterior Features

Construction Siding Foundation Slab Parking Or Garage Common Parking Spaces 100 Pool On Property No Roof CompositionMetal

Interior Features

Appliances Electric Range Cooling Central AirElectric Flooring Laminate Handicap YN No Heating CentralElectric Interior Features Cable TV Available

Property Features

Building Area Source Public Records Building Area Total 38408.00 Complex Name Heritage Apartments Construction Status Preowned Gross Annual Expenses 162000.00 Gross Annual Income 492000.00 HOA None Insurance Expense 33408 Junior High School Name Mount Pleasant Levels Multi/Split List MLSProvider Collin County Association Of Realtors Listing Terms CashConventional Municipal Utility District No Net Operation Income 330000 Operating Expense Includes Capital ImprovementsInsuranceMaintenance StructurePest ControlTrashUtilitiesWater/Sewer Possession Closing/Funding Property Type Apartment Utilities City SewerCity WaterElectricity ConnectedMaster Water Meter Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sold by Rosemary Lewis | eXp Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Sold by Rosemary Lewis | eXp Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-10-07T12:43:32.02.
 
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Sold by Rosemary Lewis | eXp Realty
15350 Dallas Parkway #300
Addison TX, 75001
Offered by Brad Buchanan of Buchanan Realty: 903-573-2324.