196 West 17th Street
8.42% Cap Rate - 100% Leased 8 New Construction Quality Build Townhouses
Marketing description
(more pictures coming July 22) Rare opportunity to acquire a newly constructed 8-unit townhome investment portfolio in the growing Northeast Texas market of Mount Pleasant. Offered as one complete investment package, each townhome has its own address and features approximately 1,500 square feet with 3 bedrooms, 2.5 bathrooms, an attached one-car garage, additional parking, and a fenced backyard.
Constructed in 2024, the portfolio provides investors the benefits of modern construction, attractive quality finishes, and reduced near-term capital expenditures compared to older multifamily assets. The property is 100% income-producing, with seven units leased to long-term tenants and one unit operating as an Airbnb, providing immediate cash flow and diversified income.
The portfolio generates $220,800 in annual gross income with an annual Net Operating Income (NOI) of $168,432, making it an attractive opportunity for private investors, family offices, and 1031 exchange buyers seeking stabilized multifamily assets.
Ideally located just minutes from CHRISTUS Health – Mount Pleasant Hospital and the recently developed CHRISTUS Health Mount Pleasant Emergency Care Center, the property benefits from one of the region's largest employment anchors. Mount Pleasant continues to serve as the commercial, healthcare, and retail hub of Northeast Texas, supporting strong and consistent rental demand from healthcare professionals, local employers, and area residents.
This offering combines stabilized cash flow, newer construction, strong tenant appeal, and long-term appreciation potential in a market with continued economic investment and employment growth.
Rent roll, lease information, Airbnb performance, and additional financial information are available to qualified buyers upon request.
Investment highlights
8-Unit Townhome Portfolio – Eight attached townhomes, each with its own address, offered as one turnkey investment portfolio.
100% Income-Producing – Seven units leased to long-term tenants and one unit operating as an Airbnb, providing diversified income streams.
2024 Construction – Newer construction with modern finishes and minimal near-term capital expenditure requirements.
Strong Cash Flow – Annual Gross Income: $220,800 | Annual NOI: $168,432.
Average Monthly Rent: $2,300 per unit.
Investor-Friendly Asset – Approximately 1,500 SF per unit featuring 3 bedrooms, 2.5 bathrooms, attached one-car garage, additional parking, and fenced backyard.
High-Demand Rental Location – Minutes from CHRISTUS Health – Mount Pleasant Hospital, the new CHRISTUS Emergency Care Center, Titus Regional employment corridor, shopping, restaurants, and schools.
Growing Employment Base – Recent CHRISTUS Health investment and expansion strengthens the area's healthcare employment sector and supports long-term rental demand.
Excellent 1031 Exchange Opportunity – Stabilized, income-producing asset suitable for private investors, family offices, and exchange buyers.
Value Preservation – New construction reduces deferred maintenance risk while offering long-term appreciation potential.
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