577 Richlands Way

Fate, TX 75087
  • $1,195,000

    Price
  • 8

    Bed
  • 8

    Bath
  • 4,100

    SqFt

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 with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, 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 and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied—an excellent turnkey investment property.

Listing Highlights

Status Active
Days on Site 27
Property Type Multi-Family
MLS ® 21274734
Year Built 2024
Total Square Footage 4,100
Lot/Acreage 0.13
County Rockwall
Neighborhood Richlands Plaza
HOA Dues 1385/Quarterly
School District Royse City ISD
Elementary School Vernon
Middle School Royse City
High School Royse City

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

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Questions About..

577 Richlands Way Fate, TX 75087

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