Venus, TX 76084,716-722 Fallow Drive
Venus, TX 76084,716-722 Fallow Drive
Venus, TX 76084,716-722 Fallow Drive
14
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$830,000
Est. payment /mo
9 BD
8 BA
7,840 Sqft Lot
Active

716-722 Fallow Drive Venus, TX 76084

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UPDATED:

12/03/2024 02:46 AM

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 $1,600/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


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Erion Shehaj • Signature Real Estate

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Jere Becker

TEAM LEADER | License ID: 0488415

+1(469) 214-8776

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716-722 Fallow Drive