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Tasheka Wright

tywrightdfwrealtor@gmail.com +1(682) 279-2463

$ 839,000

Est. payment -/mo

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649-655 Harvest Moon Drive Venus, TX 76084

9 Beds

8 Baths

7,840 Sqft Lot

UPDATED:

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 $1,600/ann

HOA Y/N Mandatory

Total Fin. Sqft 4889

Year Built 2021

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 70X140

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

Direction Going W. on HWY 67 toward Venus right after Jones Rd will be Heritage Hills Parkway on the right. If you come to Patriot Parkway on the right you have gone too far. The site is between Jones Rd. & Patriot Pkwy (Or search for Harvest Moon on Google Maps)

Interior

Interior Features Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank

Appliance Dishwasher, Disposal, Electric Range, Electric Water Heater

Heat Source Central, Electric

Exterior

Garage Spaces 4.0

Utilities Available Asphalt, City Sewer, City Water

Roof Type Composition

Garage Yes

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding,Stone Veneer,Wood

Schools

Elementary Schools Vitovsky

Middle Schools Frank Seales

High Schools Heritage

School District Midlothian Isd

Others

Ownership Erion Shehaj

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20942329

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Erion Shehaj • Signature Real Estate

Tasheka Wright

Agent | License ID: 0744160

+1(682) 279-2463 | tywrightdfwrealtor@gmail.com

Tasheka Wright

649-655 Harvest Moon Drive Venus, TX 76084

Key Details

Location

Interior

Exterior

Building

Schools

Others

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649-655 Harvest Moon Drive