Venus, TX 76084 701-703-705-707 Harvest Moon Drive
$845,000



14 more














Presented By: Signature Real Estate
Home Details
PERFECT FOR 1031 EXCHANGE! 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 leased for $1795, one 2BR-2BA flat unit leased for $1695, and two townhouse-style 2BR-1.5BA units leased 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. 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: Signature Real Estate
Interior Features for 701-703-705-707 Harvest Moon Drive
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths2
Total Baths8
Other Interior Features
Unit Count3
Lock Box TypeSee Remarks
FlooringCarpet, Luxury Vinyl Plank
Interior FeaturesGranite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Occupancy Rate75
Total Units4
General for 701-703-705-707 Harvest Moon Drive
# of Buildings1
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
Assoc Fees1800
Association Fee FrequencyAnnually
Capitalization Rate5.64
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 Expenses30060.00
HOA Fee IncludesMaintenance Grounds
HOA TypeMandatory
HeatingCentral, Electric
High SchoolHeritage
Insurance Expense2200
LevelsTwo
Listing TermsCash, Conventional
Number of Garage Spaces4
Occupant TypeTenant
Operating Expense IncludesInsurance, Maintenance, Vacancy Allowance
Pool Y/NNo
PossessionClosing/Funding, Upon Completion
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictMidlothian ISD
Standard StatusActive
StatusActive
Subdivision NameHeritage Hill Estates
UtilitiesAsphalt, City Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2024
Year Built DetailsPreowned
Exterior for 701-703-705-707 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
WaterfrontNo

