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
List Price$839,000
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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Schools
Walk Score
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