Venus, TX 76084 649-655 Harvest Moon Drive
$839,000
Pending



35 more




































Presented By: Erion Shehaj with Signature Real Estate; 713-952-3200
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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.
Presented By: Erion Shehaj with Signature Real Estate; 713-952-3200
Interior Features for 649-655 Harvest Moon Drive
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths2
Total Baths8
Other Interior Features
FlooringCarpet, Luxury Vinyl Plank
Interior FeaturesGranite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Lock Box TypeSee Remarks
Occupancy Rate100
Total Units4
Unit Count3
General for 649-655 Harvest Moon Drive
# of Buildings1
Accessory Unit Y/NNo
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
Assoc Fees1600
Association Fee FrequencyAnnually
Capitalization Rate5.36
CityVenus
Complex NameHeritage Hill Estates
Construction MaterialsBrick, Siding, Stone Veneer, Wood
CoolingCentral Air
CountyEllis
DirectionsGoing 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. & Pa
Elementary SchoolVitovsky
Elementary School NameVitovsky
Full Baths6
Gross Annual Expenses32749.00
HOA Fee IncludesMaintenance Grounds
HOA TypeMandatory
HeatingCentral, Electric
High SchoolHeritage
Insurance Expense2800
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional
Number of Garage Spaces4
Operating Expense IncludesInsurance, Maintenance, Vacancy Allowance
Pool Y/NNo
PossessionClosing/Funding, Upon Completion
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictMidlothian ISD
Standard StatusPending
StatusPending
Subdivision NameHeritage Hill Estates
Tenancy9 Months or Less, Over 9 Months
UtilitiesAsphalt, City Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2021
Year Built DetailsPreowned
Exterior for 649-655 Harvest Moon Drive
Attached Garage Y/NYes
Building Area Total4889.00
Foundation Slab
Garage Y/NYes
Lot Size Acres0.1800
Lot Size Area0.1800
Lot Size Dimensions70X140
Lot Size SourcePlans
Lot Size Square Feet7840.8000
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesGarage
Additional Details
Price History
Schools
Elementary School
Vitovsky Elementary School
Middle School
N/A

Suzanne Smith
Broker/Owner