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Lisa Speaks

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$ 835,000

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640-642-644-646 Fallow Drive Venus, TX 76084

9 Beds

8 Baths

7,840 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Heritage Hill Estates

MLS Listing ID 21176491

Bedrooms 9

Full Baths 6

Half Baths 2

HOA Fees $1,800/ann

HOA Y/N Mandatory

Total Fin. Sqft 4889

Year Built 2023

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 70X140

Property Sub-Type Quadruplex

Property Description

Prime investment opportunity that won't last long! This turnkey Class-A fourplex built in 2023, is located in Venus' highly sought-after Heritage Hills neighborhood, zoned to highly rated Midlothian Schools. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features four units, a larger 3-bed 2-bath flat on the ground floor, a modern 2-bed 2-bath flat on the second floor and two townhouse-style 2-bed 1.5-bath units. Each unit has a dedicated one-car garage. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, recessed and pendant lighting over the breakfast bar, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. All units are currently leased to long-term tenants at $1,795, $1,695, $1,595, and $1,495 per month, respectively, supported by a strong operating history, a low 2.4% tax rate, and affordable HOA dues of $ 1,500 per year. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place and willing to stay on, this asset is primed for continued growth. Ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow.

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 community entrance is between Jones Rd. & Patriot Pkwy. Fallow Dr is on Left.

Interior

Interior Features Eat-in Kitchen, 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, Microwave

Heat Source Central, Electric

Exterior

Garage Spaces 4.0

Utilities Available Asphalt, City Sewer, City Water

Roof Type Composition

Garage Yes

Building

Lot Description Cleared

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 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Deed Restrictions

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21176491

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Erion Shehaj • Signature Real Estate

Lisa Speaks

Broker Associate | License ID: TX 0469449

+1(214) 498-2982 | lisa@expressionsproperty.com

Lisa Speaks

640-642-644-646 Fallow Drive Venus, TX 76084

Key Details

Location

Interior

Exterior

Building

Schools

Others

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640-642-644-646 Fallow Drive

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