$845,000

640-642-644-646 Fallow Drive, Venus, TX 76084

  • 9 beds |
  • 8 baths |
  • 4,889 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2023
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $173/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Prime investment opportunity that won't last long! This turnkey Class-A fourplex built in 2023, is located in Venus' highly sought-after Heritage Hills neighborhood, zoned to highly rated Midlothian Schools. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features four units, a larger 3-bed 2-bath flat on the ground floor, a modern 2-bed 2-bath flat on the second floor and two townhouse-style 2-bed 1.5-bath units. Each unit has a dedicated one-car garage. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, recessed and pendant lighting over the breakfast bar, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. All units are currently leased to long-term tenants at $1,795, $1,695, $1,595, and $1,495 per month, respectively, supported by a strong operating history, a low 2.4% tax rate, and affordable HOA dues of $ 1,500 per year. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place and willing to stay on, this asset is primed for continued growth. Ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 8:20PM
Listing Office:
Signature Real Estate : 713-952-3200
Listing Agent:
Erion Shehaj : 713-952-3200
MLS ID:
21176491
  • General: Eat-in KitchenGranite CountersKitchen IslandOpen FloorplanPantryWalk-In Closet(s)
  • Appliances: DishwasherElectric RangeElectric Water HeaterDisposalMicrowave
  • Flooring: CarpetLuxury Vinyl Plank
  • A/C: Central Air
  • Heating: CentralElectric
  • Pool: None
  • Parking: GarageParking spaces: 4
  • Roofing: Composition
  • General: BrickStone VeneerWood Siding2Slab
  • Road/Access: Asphalt
  • HOA Amenities: Maintenance Grounds1800.0Annually
  • Originating MLS: NTR
  • School District: Midlothian ISD
  • County: Ellis
  • Zoning: LOT 6 BLK B HERITAGE HILLS ESTS PH 1 0.225284034
  • Utilities: Sewer AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Erion Shehaj , Signature Real Estate

Monthly Payment

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

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Location

Schools Nearby

M

MT. Peak Elementary School

5201 FM 663, Midlothian, TX, 76065

Grades PK-5

4.89 miles away

F

Frank Seale Middle School

700 George Hopper Rd, Midlothian, TX, 76065

Grades 6-8

5.85 miles away

M

Midlothian Heritage High School

4000 FM 1387, Midlothian, TX, 76065

Grades 9-12

8.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.