640-642-644-646 Fallow Dr |
|
| Price: | $829,000 |
| Property Type: | multi-family |
| MLS #: | 21176491 |
| Prime investment opportunity that won't last long! This turnkey Class-A fourplex built in 2023, is located in Venus' highly sought-after Heritage Hills neighborhood, zoned to highly rated Midlothian Schools. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features four units, a larger 3-bed 2-bath flat on the ground floor, a modern 2-bed 2-bath flat on the second floor and two townhouse-style 2-bed 1.5-bath units. Each unit has a dedicated one-car garage. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, recessed and pendant lighting over the breakfast bar, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. All units are currently leased to long-term tenants at $1,795, $1,695, $1,595, and $1,495 per month, respectively, supported by a strong operating history, a low 2.4% tax rate, and affordable HOA dues of $ 1,500 per year. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place and willing to stay on, this asset is primed for continued growth. Ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow. | |
| Area: | Ellis |
| Year Built: | 2023 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 0 |
| Virtual Tour: | Click here to view |
| Construction Materials : | Brick |
| Construction Materials : | Siding |
| Construction Materials : | Stone Veneer |
| Construction Materials : | Wood |
| Heating : | Central |
| Heating : | Electric |
Courtesy: Erion Shehaj • Signature Real Estate • 713-952-3200 
Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.
This content last refreshed on 06/18/2026 01:45 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
