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About the Listing MONU01C - 0774669
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.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
- Air Cond: Ceiling Fan(s),Central Air,Electric
- Heating: Central,Electric
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,Flat Screen Wiring,High Speed Internet Available,Multiple Staircases,Smart Home System
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 10
- Roof: Asphalt,Other
- Others: Preowned
- Sewer:
- Parking Features: Common,On Street,Unassigned
Financial Details
- Tax Amount: $10,916
- Taxes w/Assessments: N/A
- Tax/Property ID: 000000336209
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
577 Richlands Way Fate, TX 75087
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