• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Signature Real Estate- MLS# 21192780MLS ProviderContact Information: Erion Shehaj - 713-952-3200

701-703-705-707 Harvest Moon DriveVenus, TX 76084

Multi-Family · 9 Beds · 6 Full Baths · 2 Half Baths · 4,889 Sq. ft. | 0.18 Acres
$830,000 Pending

701-703-705-707 Harvest Moon Drive Overview

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PERFECT FOR 1031 EXCHANGE! Prime opportunity to invest in this 100% occupied, like-new luxury fourplex in the scorching hot DFW market. Fantastic location near Google's $1.6B Data Centers and within a 30-minute drive to both Dallas and Fort Worth. Ellis County has experienced explosive population growth in the last decade and is expected to grow by 200% by 2050. This investment property is zoned to great Midlothian schools, attracting quality long-term tenants. The fourplex features a diverse unit mix: one 3BR-2BA flat unit leased for $1795, one 2BR-2BA flat unit leased for $1695, and two townhouse-style 2BR-1.5BA units, one leased at $1595 and $1495, each with its own one-car garage - a highly desirable tenant amenity. With Class A finishes throughout, the property has an excellent operating history with minimal vacancy and turnover. This property offers an excellent balance of immediate cash flow and long-term appreciation potential, backed by the DFW market's continued economic growth.

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701-703-705-707 Harvest Moon Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,889
  • Price/Sq.ft. $170
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association Fee: 1800.0
  • Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Heritage Hills HOA
  • Association: Yes

School Information

  • School District: Midlothian ISD
  • Elementary School: Vitovsky
  • Middle Or Junior School: Frank Seales
  • High School: Heritage

Income/Expenses

  • Gross Income: 80160.0
  • Insurance Expense: 2200.0
  • Net Operating Income: 47696.0
  • Operating Expense Includes: Insurance,Maintenance,Vacancy Allowance

Building Information

  • Year Built: 2024
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Ellis
  • Postal City: VENUS
  • Subdivision Name: Heritage Hill Estates

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 284047
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 4.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 2
  • Bathrooms Total: 8
  • Bedrooms Total: 9

Building Interior

  • Building Area Source: Plans
  • Building Area Total: 4889.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal
  • Flooring: Carpet,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Granite Counters,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s)
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Garage
  • Parking Total: 4.0

Lot Information

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Dimensions: 70X140
  • Lot Size Source: Plans
  • Lot Size Square Feet: 7840.8
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Brick,Stone Veneer,Wood Siding
  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Unit Information

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 4 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

701-703-705-707 Harvest Moon Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

701-703-705-707 Harvest Moon Drive Market Data

Based on the last 30 days in this zip code

$499,056
Average List Price
$190
Average Price per Square Foot
28
Properties Sold
391
Average Days on Market
425
Properties for Sale
Calculations provided by Reliance Network


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