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Listed price in listed location currency (USD).
$1,100,000

8810

MLS® 21274734

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 4100 sqft
Garage 
Taxes $10,916
Days Active 125
Lot Size 0.13 Acres
Approx. Age 2024
Avg. Price Per Sqft $268
MLS® Number 21274734

Property Address: 577 Richlands Way, Fate, TX, 75087

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1, 025 sqft. Built in 2024 with modern finishes, quartz countertops, Euro-style cabinetry, 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. Located in one of the fastest-growing areas of Fate, this property sits near major local growth and future commercial development, including the planned Fate Yards project at Memorial Parkway and I-30. Fate Yards is expected to bring a large-scale entertainment, dining, retail, office, hospitality, gym, movie theater, greenspace, and restaurant destination to the area, further supporting long-term rental demand and neighborhood convenience. With stabilized income, full occupancy, and proximity to I-30, George Bush Turnpike access, Lake Ray Hubbard, shopping, dining, and future commercial amenities, this is an excellent turnkey investment opportunity in the path of growth. Buyer and buyer’s agent to verify all development plans, timelines, tenants, approvals, and future area improvements.
MLS® Number21274734
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
Basement
DrivewayCommon, On Street, Unassigned
Garage Spaces
HeatCentral, Electric
A/CCentral Air, Ceiling Fans, Electric

Extras

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