Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built in 2024 with modern finishes, quartz countertops, Euro-style cabinetry, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances.Located in one of the fastest-growing areas of Fate, this property sits near major local growth and future commercial development, including the planned Fate Yards project at Memorial Parkway and I-30. Fate Yards is expected to bring a large-scale entertainment, dining, retail, office, hospitality, gym, movie theater, greenspace, and restaurant destination to the area, further supporting long-term rental demand and neighborhood convenience.With stabilized income, full occupancy, and proximity to I-30, George Bush Turnpike access, Lake Ray Hubbard, shopping, dining, and future commercial amenities, this is an excellent turnkey investment opportunity in the path of growth. Buyer and buyer’s agent to verify all development plans, timelines, tenants, approvals, and future area improvements.
Listed By
Agency Name: Monument Realty
Agency Contact: 714-580-6346
Agent Name: Chaz Cameli
Shown By
Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors
Estimated Payment
$ 2,917.22 per month $2,579.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $338.01 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login
577 Richlands Way | MLS# 21274734
This multi-family property located at 577 Richlands Way, Fate, TX 75087 is currently listed for sale with an asking price of $1,158,900. Richlands Way is located within the Royse City ISD school district. Search Fate real estate on karenschaeper.kellyrealtors.com today.