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Fully Leased Multifamily Investment

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

316 W 7th Street #100-124, Mount Pleasant, TX, 75455
$2,999,000
For Sale
$2,999,000

Income-producing multifamily building with 25 apartments and on-site parking, currently 100% leased.

Property Size25,000 SF
Price / SF$119.96
Days on Market92

Property Features for 316 W 7th Street #100-124

General Information

Standard status
Active
Size
25,000 SF
Property subtype
Commercial

Building Details

Year Built
1965
Listing agency Texas Legacy Realty
Listed by Dennys Gonzalez · License #0668915
Source Signaturere
Added: Apr 22 Updated: Jul 21 at 7:00AM Checked: Jul 21 at 7:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Legacy Realty


Investment Insights

Based on property information with market context.

This income-producing multifamily property includes 25 well-maintained apartment units: 23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. The building is described as fully leased and generating consistent income. Unit finishes noted in the remarks include stainless steel appliances, granite countertops in kitchens and bathrooms, and tile flooring, with some kitchens featuring granite islands. The property also offers on-site parking, a community laundromat for tenants, landscaped grounds, and a centralized community mailbox area.

The asset is positioned in downtown Mount Pleasant and is described as being just minutes from the highway, balancing convenient access with a walkable downtown location.

As presented, the configuration supports steady occupancy with a mix of one- and two-bedroom floorplans across 25 total units, along with shared community amenities for daily tenant use.

Key Highlights

  • Income‑producing multifamily building in downtown Mount Pleasant with 25 apartments (23 one‑bed, 2 two‑bed).
  • Currently 100% leased with all units in place for steady rental income.
  • Each unit offers approx. 850 to 1,000 SF of living space.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Big Box & Wholesale Store Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods HVAC Service Grocery & Convenience Store Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Income-producing multifamily building with 25 apartments and on-site parking, currently 100% leased.
Where is this apartment building located?
The property is located at 316 W 7th Street #100-124 Mount Pleasant, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Income‑producing multifamily building in downtown Mount Pleasant with 25 apartments (23 one‑bed, 2 two‑bed).; Currently 100% leased with all units in place for steady rental income.; Each unit offers approx. 850 to 1,000 SF of living space.
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