$2,999,999

316 W 7th St Unit 100-124 Mount Pleasant, TX 75455

Estimated payment $17,259/month

Total Views 9,591
27 Beds
25 Baths
20,028 Sq Ft
$150 Price per Sq Ft

Highlights

  • Hot Property
  • Open Floorplan
  • Granite Countertops
  • Mount Pleasant High School Rated A
  • Vaulted Ceiling
  • Covered patio or porch

About This Home

Prime Income-Producing Multifamily Property in Downtown Mount Pleasant. Exceptional investment opportunity in the heart of Downtown Mount Pleasant! This fully leased, income-producing multifamily building features 25 well-maintained apartment units—23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Each unit ranges from approximately 850 to 1,000 square feet and offers modern finishes, including stainless steel appliances, granite countertops in kitchens and bathrooms, and sleek tile flooring throughout. Some kitchens are equipped with granite islands, adding extra prep and dining space. The property includes convenient on-site parking, a community laundromat for tenants, landscaped grounds, and a centralized community mailbox area. Located just minutes from the highway, this property offers easy accessibility while maintaining a walkable downtown location. A rare turnkey investment with stable occupancy—100% leased and generating consistent income

Last Listed By

Dennys Gonzalez

Texas Legacy Realty Brokerage Phone: 817-312-6165 License #0668915 Listed on: 05/05/2025

Texas Legacy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,054

Year Built

  • Built in 1965

Lot Details

  • 1.14 Acre Lot
  • Wood Fence
  • Landscaped
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 27 Bedrooms
  • Walk-In Closet
  • 25 Full Bathrooms

Parking

  • On-Site Parking
  • Parking Lot
  • Outside Parking

Schools

  • Annie SIMS Elementary School
  • Mount Pleasant High School

Additional Features

  • Covered patio or porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 2 / 55
  • Assessor Parcel Number 10691

Community Details

Overview

  • 25 Units
  • 20,028 Sq Ft Building
  • Mt Pleasant City Blocks Subdivision

Building Details

  • Gross Income $270,300
  • Net Operating Income $244,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,054

Year Built

Built in 1965

Lot Details

0

Listing Details

  • OWNERNAME: see taxes
  • Property Type: Residential Income
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 817-312-6165
  • CapRate: 8.14
  • Co List Office Mls Id: TXLG00FW
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Interior Amenities: Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Ceramic Tile
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 25
  • Total Bedrooms: 27

Exterior Features

  • Foundation: Slab
  • Community Features: Laundry Facilities, Curbs
  • Fencing: Fenced, Wood
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Patio And Porch Features: Covered
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: On Site, Outside, Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

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

Schools

  • Elementary School: Annie Sims
  • High School: Mount Pleasant
  • Junior High Dist: Mount Pleasant ISD

Lot Info

  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Units: Acres
  • Lot Size Area: 1.136
  • Parcel Number: 10691
  • Lot Size Acres: 1.136
  • Lot Size Sq Ft: 49484.16

Building Info

  • Year Built: 1965
  • Units Total: 25
  • SeniorCommunityYN: No

Tax Info

  • TaxBlock: 55
  • Tax Lot: 2
  • Tax Annual Amount: 16054.0

Multi Family

  • Annual Gross Income: 270300.0
  • Property Net Operating Income: 244246.0

MLS Schools

  • MiddleOrJuniorSchool: Wallace

Map

Range of Values:

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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
05/05/2025 05/05/25 For Sale $2,999,999 -- $150 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

About the Listing Agent

Dennys Gonzalez

Texas Legacy Realty

(430) 204-3339

Section Image

Meet Dennys Gonzalez, a bilingual real estate agent with eight years of experience in the industry. Dennys’ fluency in both English and Spanish allows her to effectively communicate and cater to a diverse range of clients.

Throughout her career, Dennys has established herself as a knowledgeable and trustworthy professional. She has a deep understanding of the local real estate market and stays up-to-date with the latest trends and developments. This enables her to provide accurate and

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20925425

North Texas Real Estate Information Systems (NTREIS)