649-655 HARVEST MOON DRIVE, VENUS, TX 76084

Homes for sale in Venus.

Homes for sale in 76084.


649-655 Harvest Moon Drive

Venus, TX 76084

Status of the property has changed, please contact for details

List Price$839,000

Listing Image Listing Image

Listing #20942329

9

Bedrooms

6 full, 2 partial

Bathrooms

4,889

Square Feet

4

Number of Units

Multi-Unit Residential

Type

About This Property

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.

Property Features

Location Information

County

Ellis

Subdivision

Heritage Hill Estates

Interior Features

Interior

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

Cooling

Central Air

Full Baths

6

Floors

Carpet, Luxury Vinyl Plank

1/2 Baths

2

Appliances

Dishwasher, Electric Range, Electric Water Heater, Disposal

Has Fireplace

No

Total Number of Units

4

Heating

Central, Electric

Exterior Features

Stories

2

Lot Size in Acres

0.18

Construction

Brick, Stone Veneer, Wood Siding

Lot Size in Sq. Ft.

7,840

Foundation

Slab

Lot Dimensions

70X140

Roof

Composition

Buildings

1

Parking Description

Garage

Building Total Area (Sq. Ft.)

4,889

Has Garage

Yes

Road Description

Asphalt

Garage Spaces

4

Is One Story

No

Pool Description

None

School

Elementary School District

Midlothian ISD

Jr. High School

Frank Seales

Elementary School

Vitovsky

High School

Heritage

Additional Information

Year Built Details

Preowned

Status

Closed

Property Type

RI

Has a Home Owners Association

Yes

Property SubType

Quadruplex

Lot Acres Source

Plans

Year Built

2021

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