649-655 Harvest Moon Drive new Save Request In-Person Tour Request Virtual Tour
Venus,TX 76084
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Heritage Hill Estates
MLS Listing ID 20942329
Bedrooms 9
Full Baths 6
Half Baths 2
HOA Fees $133/ann
Year Built 2021
Lot Size 7,840 Sqft
Property Sub-Type Quadruplex
Property Description
PERFECT FOR 1031 EXCHANGE OR AS TURNKEY INVESTMENT! Prime opportunity to invest in this 100% occupied, like-new luxury fourplex in the scorching hot DFW market. Fantastic location near Google's $1.6B Data Centers and within a 30-minute drive to both Dallas and Fort Worth. Ellis County has experienced explosive population growth in the last decade and is expected to grow by 200% by 2050. This investment property is zoned to great Midlothian schools, attracting quality long-term tenants. The fourplex features a diverse unit mix: one 3BR-2BA flat unit which leases for $1795, one 2BR-2BA flat unit which leases for $1695, and two townhouse-style 2BR-1.5BA units which lease for $1495 and $1595, each with its own one-car garage - a highly desirable tenant amenity. With Class A finishes throughout, the property has an excellent operating history with minimal vacancy and turnover. Currently generating $78,960 in annual rental income with strong cash flow potential, three units have fresh 12-month leases providing immediate income stability. The current owner is selling to facilitate a 1031 exchange into a larger property, creating an ideal opportunity for investors in similar positions. This property offers an excellent balance of immediate cash flow and long-term appreciation potential, backed by the DFW market's continued economic growth.
Location
State TX
County Ellis
Interior
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Luxury Vinyl Plank
Exterior
Garage Spaces 4.0
Utilities Available Asphalt,City Sewer,City Water
Roof Type Composition
Building
Story Two
Foundation Slab
Structure Type Brick,Siding,Stone Veneer,Wood
Schools
Elementary Schools Vitovsky
Middle Schools Frank Seales
High Schools Heritage
School District Midlothian Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20942329