100% Leased Fourplex in DFW | 716-718-720-722 Fallow Dr
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100% Leased Fourplex in DFW 716-718-720-722 Fallow Dr
4 Unit Block of Flats £654,870 (£163,717/Unit) 6.06% Net Initial Yield Venus, TX 76084
Investment Highlights
- 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market.
- Zoned to great Midlothian schools.
- Fantastic location across near Google's $1.6B Data Centers.
- High growth area.
Executive Summary
Perfect for 1031 Exchange! Prime opportunity to invest in 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market. Fantastic location across near Google's $1.6B Data Centers. Ellis County has experienced explosive population growth in the last decade, and it is expected to grow by 200% by 2050. Zoned to great Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Total incoming rent of $80,160 per year and 6% CAP rate on actual financials (not proforma). Don't miss out - this opportunity will be snatched quickly!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £63,246 | £12.94 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £63,246 | £12.94 |
Taxes | £15,333 | £3.14 |
Operating Expenses | £8,215 | £1.68 |
Total Expenses | £23,548 | £4.82 |
Net Operating Income | £39,698 | £8.12 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | £63,246 |
Annual Per SF | £12.94 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £63,246 |
Annual Per SF | £12.94 |
Taxes | |
---|---|
Annual | £15,333 |
Annual Per SF | £3.14 |
Operating Expenses | |
---|---|
Annual | £8,215 |
Annual Per SF | £1.68 |
Total Expenses | |
---|---|
Annual | £23,548 |
Annual Per SF | £4.82 |
Net Operating Income | |
---|---|
Annual | £39,698 |
Annual Per SF | £8.12 |
Property Facts
Price | £654,870 | Property Subtype | Apartment |
Price Per Unit | £163,717 | Apartment Style | Townhome |
Sale Type | Investment | Building Size | 4,889 SF |
Net Initial Yield | 6.06% | Average Occupancy | 100% |
Gross Rent Multiplier | 10.35 | Number of Floors | 2 |
No. Units | 4 | Year Built | 2021 |
Property Type | Residential |
Price | £654,870 |
Price Per Unit | £163,717 |
Sale Type | Investment |
Net Initial Yield | 6.06% |
Gross Rent Multiplier | 10.35 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Size | 4,889 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 2021 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Attic
- Breakfast Nook
- Family Room
- Island Kitchen
- Pantry
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+2 | 1 | £1,416 | 1,347 |
2+2 | 1 | £1,337 | 1,274 |
2+1.5 | 2 | £1,258 | 1,134 |
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100% Leased Fourplex in DFW | 716-718-720-722 Fallow Dr
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