1. Texas
2. Venus
3. 649-655 Harvest Moon Drive

649-655 Harvest Moon Drive, Venus, TX 76084

• 9 beds |
• 8 baths |
• 4,889 sqft

Property 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.

Listing Status:

Pending

Listing Office:

Signature Real Estate : 713-952-3200

Listing Agent:

Erion Shehaj : 713-952-3200

MLS ID:

20942329

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This listing courtesy of Erion Shehaj, Signature Real Estate