640-642-644-646 Fallow Dr

Venus, TX 76084
  • $835,000

    Price
  • 9

    Bed
  • 7

    Bath
  • 4,889

    SqFt

About the Listing SGTR01 - 0516948

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.

Listing Highlights

Status Active
Days on Site 51
Property Type Multi-Family
MLS ® 21176491
Year Built 2023
Total Square Footage 4,889
Lot/Acreage 0.18
County Ellis
HOA Dues 1800/Annually
School District Midlothian ISD
Elementary School Vitovsky
Middle School Frank Seales
High School Heritage

Interior Details

  • Bedrooms: 9
  • Bathrooms: 6 Full / 2 Half
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
  • Air Cond: Central Air
  • Heating: Central,Electric
  • Fireplaces:
  • Floor: Carpet,Luxury Vinyl Plank
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Eat-in Kitchen,Granite Counters,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s)
  • Water:

Exterior Details

  • Lot Description: Cleared
  • Garage Capacity: 4 car
  • Parking Spaces: 4
  • Lot Dimensions: 70X140
  • Roof: Composition
  • Others: Preowned
  • Sewer:
  • Parking Features: Garage

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 284034
  • Tax Year: N/A

Payment Calculator

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

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