100% Leased Fourplex in DFW | 716-718-720-722 Fallow Dr
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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 | Property Subtype | Apartment |
Price Per Unit | $291,471 CAD | Apartment Style | Townhome |
Sale Type | Investment | Building Size | 4,889 SF |
Cap Rate | 6.06% | Average Occupancy | 100% |
Gross Rent Multiplier | 10.35 | No. Stories | 2 |
No. Units | 4 | Year Built | 2021 |
Property Type | Multifamily |
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 |
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100% Leased Fourplex in DFW | 716-718-720-722 Fallow Dr
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