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

$845,000
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Active
BEDS9 BATHS6 full 2 partial MLS#21176491
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHeritage Hill Estates SCHOOLMidlothian ISD

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.

640-642-644-646 Fallow Drive | MLS# 21176491

This multi-family property located at 640-642-644-646 Fallow Drive, Venus, TX 76084 is currently listed for sale with an asking price of $845,000. 640-642-644-646 Fallow Drive is located within the Midlothian ISD school district. Search Venus real estate on karenschaeper.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 4 car attached
Heating: Central, Electric
Lot Size: 0.18 Acres
Roof Type: Composition
Year Built: 2023

Amenities

Eat-in Kitchen
Granite Counters
Kitchen Island
Open Floorplan
Pantry
Walk-In Closet(s)

Feature Descriptions

Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Days on Site: 43
Exterior: Brick, Siding, Stone Veneer, Wood
Flooring: Carpet, Luxury Vinyl Plank
HOA Fee: 1800/ Annually
Lot: Cleared
Lot Dimensions: 70X140
Parcel#: 284034
Parking: Garage
Parking Notes: Garage
Units: 4
Utilities: Asphalt, City Sewer, City Water

Local Schools

Elementary School: Vitovsky
School District: Midlothian ISD

Listed By / Shown By

Listed By

Agency Name: Signature Real Estate
Agency Contact: 713-952-3200
Agent Name: Erion Shehaj

agent picture

Shown By

Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors

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Estimated Payment

$ 2,127.06 per month $1,880.60 Principal & Interest $0.00 Property Tax (data not provided by mls) $246.46 Homeowner's Insurance

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