$4,000,000
$250K PRICE DROP

1434 W 16th St Mount Pleasant, TX 75455

Estimated payment $26,283/month

Total Views 5,154
2 Beds
1 Bath
-- Sq Ft
-- 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. The
property consists of 48 total units averaging 800 square feet. With 16 units constructed in 2023, 16 units constructed in 2021, and 16
units constructed in 2022 (all exterior have been remodeled and 7 interior have been remodeled). Heritage apartments all have the same
two 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

Property Details

Home Type

  • Apartment

Year Built

  • Built in 2023

Home Design

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 100 Parking Spaces
  • Common or Shared Parking

Schools

  • Wallace Middle School
  • Mount Pleasant High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter
  • Cable TV Available

Additional Features

  • Electric Range
  • Laminate Flooring
  • 5.38 Acre Lot

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 12063

Property Details

Home Type

Apartment

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Multi/Split
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 330000
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 104.14497
  • Attribution Contact: 903-573-2324
  • Special Features: NewHome
  • Year Built: 2023

Interior Features

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

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition, Metal
  • Construction Materials: Siding

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 100
  • Parking Features: Common

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water, Electricity Connected, Master Water Meter

Condo/Co-op/Association

  • Complex Name: Heritage Apartments
  • Association Type: None

Schools

  • School District: Mount Pleasant ISD
  • Middle School: Wallace
  • High School: Mount Pleasant
  • School District: Mount Pleasant ISD
  • Junior High School: Mount Pleasant

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 5.3780
  • Parcel Number: 12063
  • Lot Size Acres: 5.3780
  • Lot Size Sq Ft: 234265.6800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2023
  • Units Total: 48

Multi Family

  • Gross Annual Expenses: 162000.00
  • Gross Annual Income: 492000.00
  • Insurance Expense: 33408
  • Unit Count: 1

MLS Schools

  • Middle School Name: Wallace
  • High School Name: Mount Pleasant

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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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
03/17/2025 03/17/25 Price Changed $4,000,000 -5.9% --
03/06/2025 03/06/25 For Sale $4,250,000 0.0% --
07/19/2024 07/19/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $4,250,000 -- --
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

Homes for Sale in Mount Pleasant, TX

This home is located at 1434 W 16th St, Mount Pleasant, TX 75455 and is currently priced at $4,000,000. 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Brad Buchanan
Listing Agent
Brad Buchanan
Section Image
Buchanan Realty
(430) 243-3496