716-722 Fallow Drive
$830,000
9
6
2
4,889
4,889
$170
Description
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...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!
- Listed by Erion Shehaj • TREC #0516948 • Signature Real Estate • 713-952-3200
Property Details for 716-722 Fallow Drive
Subdivision Name
Heritage Hill Estates
HOA Management CompanyGoodwin Company
PoolNo
Garage Spaces4
Number Of Parking Spaces4
Lot Size Dimensions70X140
LISTING UPDATED: 12/02/2024 08:46 PM
Property Details for 716-722 Fallow Drive
Status | Active |
---|---|
MLS # | 20786473 |
Days on Market | 21 |
Taxes | - |
HOA Fees | $1,600 / year |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fourplex |
Year Built | 2021 |
Lot Size | 0.18 AC / 7,840 SF |
County | Ellis County |
Building Information for 716-722 Fallow Drive
Stories2Residences4Year Built2021Building Size-Lot Size0.18 AC / 7,840 SF
Property Information for 716-722 Fallow Drive
Property History for 716-722 Fallow Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 716-722 Fallow Drive
This home is within Midlothian Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
J A Vitovsky Elementary School PublicPK to 5 | ||
Frank Seale Middle School Public6 to 8 | ||
Midlothian High School Public9 to 12 | ||
Jean Coleman Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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