• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Texas Legacy Realty- MLS# 20925425MLS ProviderContact Information: Dennys Gonzalez - 817-312-6165

316 W 7 Street #100-124Mt Pleasant, TX 75455

Multi-Family · 27 Beds · 25 Full Baths · 20,028 Sq. ft. | 1.14 Acres
$2,600,000 Active

316 W 7 Street #100-124 Overview

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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

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316 W 7 Street #100-124 Facts & Features

  • Type Multi-Family
  • Sq. ft. 20,028
  • Price/Sq.ft. $130
  • Lot 1.14 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Mount Pleasant ISD
  • Elementary School: Annie Sims
  • Middle Or Junior School: Wallace,Corprew,Mount Pleasant
  • High School: Mount Pleasant

Income/Expenses

  • Gross Income: 270300.0
  • Net Operating Income: 244246.0
  • Operating Expense Includes: Maintenance Grounds,Maintenance Structure,Maintenance,Trash,Water/Sewer

Building Information

  • Year Built: 1965
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Titus
  • Postal City: MOUNT PLEASANT
  • Subdivision Name: Mt Pleasant City Blocks

Community/Development

  • Community Features: Laundry Facilities,Curbs

Tax Information

  • Tax Annual Amount: 16054.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,Other,Private Financing Available
  • Parcel Number: 10691
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 25
  • Bathrooms Half: 0
  • Bathrooms Total: 25
  • Bedrooms Total: 27

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 20028.0

General Information

  • Appliances: Dishwasher,Disposal,Refrigerator
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile
  • Foundation Details: Slab
  • Interior Features: Eat-in Kitchen,Granite Counters,Kitchen Island,Open Floorplan,Pantry,Vaulted Ceiling(s),Walk-In Closet(s)
  • Levels: One
  • Security Features: Smoke Detector(s)
  • Stories: 1

Unit Information

  • Unit Number: 100-124

Exterior

Parking Information

  • Parking Features: On Site,Outside,Parking Lot
  • Parking Total: 25.0

Lot Information

  • Lot Features: Landscaped,Sprinkler System
  • Lot Size Acres: 1.136
  • Lot Size Area: 1.136
  • Lot Size Square Feet: 49484.16
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick
  • Patio And Porch Features: Covered
  • Roof: Composition

General Information

  • Carport: No
  • Fencing: Fenced,Wood
  • Number Of Units Total: 25
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 100

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 113

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

316 W 7 Street #100-124 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

316 W 7 Street #100-124 Market Data

Based on the last 30 days in this zip code

$401,248
Average List Price
$178
Average Price per Square Foot
9
Properties Sold
97
Average Days on Market
258
Properties for Sale
Calculations provided by Reliance Network


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