1434 West 16th Street
1434 West 16th Street
Description
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...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.
- Listed by Brad Buchanan • TREC #0525111 • Lighthouse Realty • 903-573-2324
Property Details for 1434 West 16th Street
Location
Property Details for 1434 West 16th Street
| Status | Active |
|---|---|
| MLS # | 20529445 |
| Days on Market | 90 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment/5Plex+ |
| Year Built | 2023 |
| Lot Size | 5.38 AC / 234,265 SF |
| County | Titus County |
Location
Building Information for 1434 West 16th Street
Payment Calculator
$24,393 per month
30 year fixed, 7.25% Interest
$23,194
$1,199
$0
Property Information for 1434 West 16th Street
- Complex Name: Heritage Apartments
- Directions: From I-30 E, take exit 160 onto US-271, turn right on W Ferguson Rd, left on W 16th, property on the left before Heritage Park
- High School: Mount Pleasant
- High School Name: Mount Pleasant
- Junior High School: Mount Pleasant
- Middle School: Wallace
- Year Built Details: Preowned
- School District: Mount Pleasant ISD
- Geocode Confidence: High
- State: Texas
- Parking Features: Common
- Tax Legal Description: MT PLEASANT CITY BLOCKS BLK 312A LOT LOT 1-A REPLA
- Association Type: None
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/ntreis/20529445
- Flooring: Laminate
- Heating: Central, Electric
- Interior Features: Cable TV Available
- Appliances: Electric Range
- Cooling: Central Air, Electric
- Smart Home Features Appor Pass Y: No
- Building Area Source: Public Records
- Construction Materials: Siding
- Foundation Details: Slab
- Roof: Composition, Metal
- Number Of Units Total: 48
- Levels: Multi/Split
- Utilities: City Sewer, City Water, Electricity Connected, Master Water Meter
- Financing Proposed: Cash, Conventional
- Handicap: No
- Loan Type: Treat As Clear
- Property Match: APN
- Lot Size Acres: 5.378
- Lot Size Area: 5.378
- Lot Size Units: Acres
- Lot Size Square Feet: 234265.68
- Multi Parcel ID: No
- Parcel Number: 12063
- Number Of Buildings: 5
- Capitalization Rate: 7.76%
- Gross Annual Expenses: $162,000
- Gross Annual Income: $492,000
- Insurance Expense: $33,408
- Total Annual Expenses Include: Capital Improvements, Insurance, Maintenance Structure, Pest Control, Trash, Utilities, Water/Sewer
- Net Operation Income: $330,000.00
- Approximate SQFT: 800.0
- Dining Area Length: 0.0
- Dining Area Width: 0.0
- Kitchen Length: 0.0
- Kitchen Width: 0.0
- Living Area Length: 0.0
- Living Area Width: 0.0
- Master Bed Length: 0.0
- Master Bed Width: 0.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 2 Bedroom
Property History for 1434 West 16th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1434 West 16th Street
Schools near 1434 West 16th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Vivian Fowler Elementary School PublicK to 4 | ||
P E Wallace Middle School Public5 to 6 | ||
Mount Pleasant J High School Public7 to 8 | ||
Mount Pleasant High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lighthouse Realty, Brad Buchanan
The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 02/06/2024 07:10 PM
