716-718-720-722 Fallow Dr - Apartments FOR SALE


Venus, TX 76084
$830,000 USD
713-922-2702
716-718-720-722 Fallow Dr, Venus, TX for Sale
$830,000 USD
Apartments - FOR SALE
1/15
null | 6.06% Cap Rate

716-718-720-722 Fallow Dr
Venus, TX 76084


HIGHLIGHTS

  • 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market.
  • Fantastic location across near Google's $1.6B Data Centers.
  • Zoned to great Midlothian schools.
  • High growth area.

OVERVIEW

Perfect for 1031 Exchange! Prime opportunity to invest in 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market. Fantastic location across near Google's $1.6B Data Centers. Ellis County has experienced explosive population growth in the last decade, and it is expected to grow by 200% by 2050. Zoned to great Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Total incoming rent of $80,160 per year and 6% CAP rate on actual financials (not proforma). Don't miss out - this opportunity will be snatched quickly!

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

4

PRICE/UNIT

$207,500

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Fourplex in DFW

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

284031

ASK ABOUT THIS PROPERTY

Erion ShehajSignature Real EstateMore Info
713-922-2702

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Erion ShehajSignature Real EstateMore Info
713-922-2702

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.