716-722 Fallow Drive new Save Request In-Person Tour Request Virtual Tour
Venus,TX 76084
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Heritage Hill Estates
MLS Listing ID 20786473
Bedrooms 9
Full Baths 6
Half Baths 2
HOA Fees $133/ann
HOA Y/N Mandatory
Total Fin. Sqft 4889
Year Built 2021
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 70X140
Property Description
Perfect for 1031 Exchange! Prime opportunity to invest in 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market. Fantastic location across near Google's $1.6B Data Centers. Ellis County has experienced explosive population growth in the last decade, and it is expected to grow by 200% by 2050. Zoned to great Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Total incoming rent of $80,160 per year and 6% CAP rate on actual financials. Don't miss out - this opportunity will be snatched quickly!
Location
State TX
County Ellis
Direction Going W. on HWY 67 toward Venus right after Jones Rd will be Heritage Hills Parkway on the right. If you come to Patriot Parkway on the right you have gone too far. The site is between Jones Rd. & Patriot Pkwy (Or search for Fallow Dr on Google Maps)
Interior
Interior Features Granite Counters,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s)
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Luxury Vinyl Plank
Appliance Dishwasher,Disposal,Electric Range,Electric Water Heater
Heat Source Central,Electric
Exterior
Garage Spaces 4.0
Utilities Available Asphalt,City Sewer,City Water
Roof Type Composition
Garage Yes
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Siding,Stone Veneer,Wood
Schools
Elementary Schools Vitovsky
Middle Schools Frank Seales
High Schools Heritage
School District Midlothian Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional