640-642-644-646 Fallow Dr, Venus, TX 76084
- $819,000
- 9
- BD
- 8
- BA
- List Price
- $819,000
- Status
- ACTIVE
- Price Change
- ▼ $10,000 1784688312
- MLS#
- 21176491
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 2023
- Bedrooms
- 9
- Bathrooms
- 8
- Full Baths
- 6
- Half Baths
- 2
- Lot Size
- 7,840
- Acres
- 0.18
- Subdivision
- Heritage Hill Estates
- Building Name
- Heritage Hill Estates
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.
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Additional Information
- Interior Features
- Eat-In Kitchen, Granite Counters, Kitchen Island, Open Floor Plan, Pantry, Walk-In Closet(s)
- HOA Fee
- $1,800
- Flooring
- Carpet, Vinyl
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- Roof
- Composition
- Foundation
- Slab
- Parking Features
- Garage
- Garage Spaces
- 4
- School District
- Midlothian Isd
- Elementary School
- Vitovsky
- Middle School
- Frank Seales
- High School
- Heritage
Mortgage Calculator
Listing courtesy of Erion Shehaj from Signature Real Estate. Contact: 713-952-3200
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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