Current Use by Public Records
- Apartment buildings
Property Details for 3954 Us-67
- Year built
- 2007
- Lot size
- 2.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a seven-unit apartment building ideally situated in Mount Pleasant, Texas, within the Mt. Pleasant ISD. Constructed in 2007, this property boasts two buildings situated on a two-acre lot at 3954 US-67, zip code 75455. Each of the seven units comprises one bedroom and one bathroom, currently generating a monthly rental income of $600 per unit. Tenants are responsible for electricity, while water and trash services are covered by the landlord. Adding to the property's income potential is a separate workshop located behind the main buildings, also generating rental income. The asking price for this multifamily property is $550,000, translating to approximately $78,571 per unit. This presents a strong value proposition for investors seeking a stable and profitable addition to their portfolio. The property's location in Titus County, Texas, offers convenient access to local amenities and services. This turnkey operation is ready for immediate income generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Titus
- State
- Texas
- Longitude
- -94.9018
- Latitude
- 33.188
