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 $830,000 ($207,500/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,160
|
$16.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,160
|
$16.40
|
| Taxes |
$19,434
|
$3.98
|
| Operating Expenses |
$10,412
|
$2.13
|
| Total Expenses |
$29,846
|
$6.10
|
| Net Operating Income |
$50,314
|
$10.29
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $80,160 |
| Annual Per SF | $16.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,160 |
| Annual Per SF | $16.40 |
| Taxes | |
|---|---|
| Annual | $19,434 |
| Annual Per SF | $3.98 |
| Operating Expenses | |
|---|---|
| Annual | $10,412 |
| Annual Per SF | $2.13 |
| Total Expenses | |
|---|---|
| Annual | $29,846 |
| Annual Per SF | $6.10 |
| Net Operating Income | |
|---|---|
| Annual | $50,314 |
| Annual Per SF | $10.29 |
Property Facts
| Price | $830,000 | Property Subtype | Apartment |
| Price Per Unit | $207,500 | 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 | $830,000 |
| Price Per Unit | $207,500 |
| 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 | $1,795 | 1,347 |
| 2+2 | 1 | $1,695 | 1,274 |
| 2+1.5 | 2 | $1,595 | 1,134 |
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100% Leased Fourplex in DFW | 716-718-720-722 Fallow Dr
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