$4,000,000
PENDING $250K PRICE DROP

1434 W 16th St Mount Pleasant, TX 75455

Estimated payment $25,795/month

Total Views 5,548
2 Beds
1 Bath
38,408 Sq Ft
$104 Price per Sq Ft

About This Home

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.

Listing Agent

Brad Buchanan

Buchanan Realty Brokerage Phone: 903-573-2324 License #0525111 Listed on: 02/06/2024

Property Details

Home Type

  • Apartment

Year Built

  • Built in 2023

Parking

  • Common or Shared Parking

Home Design

  • Split Level Home
  • Slab Foundation
  • Composition Roof
  • Metal Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Mount Pleasant High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Electric Range
  • Laminate Flooring
  • 5.38 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 12063

Community Details

Overview

  • 5 Buildings
  • 48 Units
  • 38,408 Sq Ft Building

Building Details

  • Gross Income $492,000
  • Net Operating Income $330,000

Property Details

Home Type

Apartment

Year Built

Built in 2023

Lot Details

0

Listing Details

  • OWNERNAME: PBH & JBM Investments LLC
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Multi/Split
  • Year Built Details: Preowned
  • Attribution Contact: 903-573-2324
  • CapRate: 8.25
  • Co List Office Mls Id: REPA01C
  • Special Features: 4098
  • Year Built: 2023

Interior Features

  • Interior Amenities: Cable TV
  • Flooring: Laminate
  • Appliances: Electric Range

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Metal
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Common

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • High School: Mount Pleasant
  • Junior High Dist: Mount Pleasant ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 5.378
  • Parcel Number: 12063
  • Lot Size Acres: 5.378
  • Lot Size Sq Ft: 234265.68

Building Info

  • Year Built: 2023
  • Units Total: 48

Multi Family

  • Insurance Expense: 33408.0
  • Annual Gross Income: 492000.0
  • Property Net Operating Income: 330000.0

MLS Schools

  • MiddleOrJuniorSchool: Wallace

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Pending -- -- --
03/17/2025 03/17/25 Price Changed $4,000,000 -5.9% $104 / Sq Ft
03/06/2025 03/06/25 For Sale $4,250,000 0.0% $111 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $4,250,000 -- $111 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20529445

North Texas Real Estate Information Systems (NTREIS)

Texas Titus County Mount Pleasant 75455

1434 W 16th St, Mount Pleasant, TX

This home is located at 1434 W 16th St, Mount Pleasant, TX 75455 and is currently priced at $4,000,000, approximately $104 per square foot. This property was built in 2023. 1434 W 16th St is a home located in Titus County with nearby schools including Vivian Fowler Elementary School, Mount Pleasant Junior High School, and P.E. Wallace Middle School.

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North Texas Real Estate Information Systems (NTREIS) 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 2025. All rights reserved

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Brad Buchanan
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Brad Buchanan
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Buchanan Realty
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