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USATXVenusHeritage Hill Estates649 Harvest Moon Dr
655 - 649 Harvest Moon Dr, Home with 9 bedrooms, 8 bathrooms and 4 parking in Venus TX | Image 1
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$839,000

655 - 649 Harvest Moon Dr, Venus, TX

Real Estate

For Sale

$--,---,---
984
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 2
Lot Size 
Approx. Age 2021
MLS® Number 20942329

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number20942329
Laundry Level
Central VacNo
FireplaceNo
Acreage0.18
Exterior
GarageYes
Approx. Age2021
Basement
DrivewayGarage
Garage Spaces
HeatCentral, Electric
A/CCentral Air
Heating Fuel

Extras

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