| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Good |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1010 Village Rd, Mount Pleasant, TX, 75455, US |
| Region / Metro | Mount Pleasant |
| Year of Construction | 1977 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1010 Village Rd, Mount Pleasant TX Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data. Investor focus here is on durable cash flow drivers with scope for value-add from a 1977 asset.
Mount Pleasant’s Inner Suburb neighborhood posts strong livability signals that matter to multifamily. Neighborhood occupancy is elevated and has trended higher in recent years, placing it in the top quartile nationally, while ranking 2 out of 22 metro neighborhoods—competitive among Mount Pleasant, TX neighborhoods. A renter-occupied housing share near one-half (48.9% of units) indicates a deep tenant base that supports leasing stability.
Day-to-day convenience is a local strength. Cafes, grocery, and pharmacies rank 2, 2, and 3 out of 22 metro neighborhoods, respectively, with national amenity percentiles ranging from the low 60s to low 80s—above metro median access and supportive of resident retention. Average school ratings are strong (ranked 1 of 22 and top quartile nationally), a positive for family-oriented renter demand. The main amenity gap is parks (ranked 22 of 22), which can modestly limit outdoor recreation appeal but is not typically a primary leasing driver in workforce segments.
The property’s 1977 vintage is older than the neighborhood’s average construction year (1989). For investors, that implies planning for targeted capital expenditures and presents potential value-add or modernization upside to sharpen competitiveness against newer stock.
Demographic statistics within a 3-mile radius show a modest population dip over the past five years, while households were roughly flat. Forward-looking projections point to population growth and a meaningful increase in households by 2028, suggesting a larger tenant base and support for occupancy. Median contract rents in the neighborhood have risen over five years but remain paired with a rent-to-income ratio around 0.15, which helps manage affordability pressure and can aid lease retention. These trends, based on commercial real estate analysis from WDSuite, align with stable renter demand at attainable price points.
Standardized crime metrics for this neighborhood were not available in WDSuite’s dataset. Investors typically review city and county trend reports, property-level incident histories, and insurer loss runs to contextualize safety alongside regional benchmarks before underwriting.
Nearby employment centers within commuting distance support renter demand; specific anchor employers with reliable distance data were not identified in WDSuite’s dataset for this address.
This 28-unit asset benefits from a neighborhood with high occupancy, solid amenity access, and school quality that ranks at the top of the Mount Pleasant metro. The 1977 construction positions the property for value-add through selective renovations and systems updates to compete with newer stock, while a renter-occupied share near one-half of units in the neighborhood points to a stable tenant base. According to CRE market data from WDSuite, rents have moved up over the past five years yet remain aligned with incomes locally, supporting retention and offering measured pricing power.
Within a 3-mile radius, recent softness in population contrasts with projections calling for population growth and a sizable increase in households by 2028—an expansion that can support occupancy and leasing velocity. Key underwriting considerations include capital planning for an older vintage, the small-market context, and limited park access, balanced by convenience retail, schools, and renter demand fundamentals.
- High neighborhood occupancy and above-median amenity access support leasing stability
- 1977 vintage offers value-add and modernization potential to enhance competitiveness
- Renter concentration near one-half of units indicates depth of tenant demand
- Projected population and household growth (3-mile radius) expands the renter pool
- Risks: older asset capex, smaller metro scale, and limited park access to monitor