$1,195,000

577 Richlands Way, Fate, TX 75087

  • 8 beds |
  • 8 baths |
  • 4,100 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2024
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $291/sqft
  • Property List Date Icon Listed 28 days ago

Property Description

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied—an excellent turnkey investment property.

Listing Status:
Active
Data Last Updated:
July 2, 2026 at 10:21PM
Listing Office:
Monument Realty : 214-705-7827
Listing Agent:
Chaz Cameli :
MLS ID:
21274734
  • General: High Speed InternetMultiple StaircasesSmart HomeCable TVWired for Sound
  • Appliances: DishwasherElectric CooktopElectric RangeMicrowaveRefrigerator
  • Flooring: Luxury Vinyl Plank
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric
  • Pool: None
  • Parking: CommonOn StreetUnassignedParking spaces: 10
  • Roofing: AsphaltOther
  • General: BrickStucco2Slab
  • Road/Access: All Weather Road
  • HOA Amenities: Association ManagementMaintenance Structure1385.0Quarterly
  • Originating MLS: NTR
  • School District: Royse City ISD
  • County: Rockwall
  • Zoning: RICHLANDS PLAZA BLK A LOT 1000000336209
  • Utilities: Sewer AvailableWater AvailableCable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Chaz Cameli , Monument Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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