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100% Leased Fourplex in DFW 716-718-720-722 Fallow Dr

4 Unit Apartment Building $1,165,884 CAD ($291,471 CAD/Unit) 6.06% Cap Rate 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 (CAD) Annual Per SF (CAD)
Gross Rental Income $112,737 $23.06
Other Income - -
Vacancy Loss - -
Effective Gross Income $112,737 $23.06
Taxes $27,332 $5.59
Operating Expenses $14,643 $3.00
Total Expenses $41,975 $8.59
Net Operating Income $70,762 $14.47

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $112,737
Annual Per SF $23.06
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $112,737
Annual Per SF $23.06
Taxes (CAD)
Annual $27,332
Annual Per SF $5.59
Operating Expenses (CAD)
Annual $14,643
Annual Per SF $3.00
Total Expenses (CAD)
Annual $41,975
Annual Per SF $8.59
Net Operating Income (CAD)
Annual $70,762
Annual Per SF $14.47

Property Facts

Price $1,165,884 CAD
Price Per Unit $291,471 CAD
Sale Type Investment
Cap Rate 6.06%
Gross Rent Multiplier 10.35
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Size 4,889 SF
Average Occupancy 100%
No. Stories 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 $2,521 CAD 1,347
2+2 1 $2,381 CAD 1,274
2+1.5 2 $2,240 CAD 1,134
  • Listing ID: 34023191

  • Date on Market: 2024-11-27

  • Last Updated:

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

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