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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
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
  • Listing ID: 34023191

  • Date on Market: 27/11/2024

  • Last Updated:

  • Address: 716-718-720-722 Fallow Dr, Venus, TX 76084

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