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. Don't miss out - this opportunity will be snatched quickly!
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Price Unknown
716-722 Fallow Dr, Venus, TX 76084
9beds
4,889sqft
Quadruplex, Multi Family, Multi Family
Built in 2021
-- sqft lot
$757,500 Zestimate®
$--/sqft
$1,797 Estimated rent
Home value
$757,500
$689,000 - $833,000
$1,797/mo
Zestimate® history
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$1,600/mo
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List your homeWhat's special
Class-a like-new luxury fourplex
Zillow last checked:
Listing updated:
Listed by:
Erion Shehaj 0516948 713-952-3200,
Signature Real Estate 713-952-3200
Bought with:
Non-Mls Member
NON MLS
Source: NTREIS,MLS#: 20786473
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Disposal
Features
- Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
- Flooring: Carpet, Luxury Vinyl Plank
Interior area
- Total structure area: 4,889
- Total interior livable area: 4,889 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 7,840 Square Feet
- Dimensions: 70 x 140
Details
- Parcel number: 284037
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Brick, Stone Veneer, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Heritage Hill Estates
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $1,600 annually
- HOA name: Goodwin Company
- HOA phone: 855-289-6007
Location
- Region: Venus
Financial & listing details
- Tax assessed value: $806,545
- Annual tax amount: $11,637
- Date on market: 11/27/2024
- Cumulative days on market: 16 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2024 | Sold | -- |
Source: NTREIS #20786473 Report a problem | ||
| 12/19/2024 | Pending sale | $830,000$170/sqft |
Source: NTREIS #20786473 Report a problem | ||
| 11/27/2024 | Listed for sale | $830,000$170/sqft |
Source: NTREIS #20786473 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,637 -32.1% | $806,545 -31.8% |
| 2024 | $17,132 +14.5% | $1,182,427 +16.9% |
| 2023 | $14,965 +518% | $1,011,307 +605.8% |
| 2022 | $2,422 | $143,288 +261.8% |
| 2021 | -- | $39,600 |
Find assessor info on the county website
Neighborhood: 76084
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Nearby schools
GreatSchools rating
- 6/10Irvin Elementary SchoolGrades: PK-5Distance: 5.2 mi
- 7/10Earl & Marthalu Dieterich MiddleGrades: 6-8Distance: 6.5 mi
- 7/10Midlothian High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Vitovsky
- Middle: Frank Seales
- High: Heritage
- District: Midlothian ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$757,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$757,500
- Texas
- Ellis County
- Venus
- 76084
- 716-722 Fallow Dr
Nearby cities
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