NOT LISTED FOR SALE

609 Wheatfield Dr Venus, TX 76084

Venus Area
9 Beds
8 Baths
-- Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: February 27, 2024

Highlights

  • Open Floorplan
  • 4 Car Attached Garage
  • Kitchen Island
  • Granite Countertops
  • Walk-In Closet
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of February 2024

Prime opportunity to invest in a Class-A new construction luxury fourplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the low to mid 5s plus get Owner's title policy paid by Builder when using preferred Lender. Very strong tenant demand and established leasing market. This fourplex is to be built and is estimated to be complete by Jan-Feb 2024. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth in the last decade. Children attend 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. Projected rents of $1595-1795 per month based on strong Tenant demand in Phase 1. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%. Hurry - this won't last!

Last Agent to Sell the Property

Erion Shehaj

Signature Real Estate Brokerage Phone: 713-952-3200 License #0516948 Listed on: 04/09/2024

Last Buyer's Agent

Tammy Tanguma

NRG Realty Group License #0734174

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70x140

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan

Kitchen

  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet

Schools

  • Vitovsky Elementary School
  • Frank Seales Middle School
  • Heritage High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Association fees include ground maintenance
  • 4 Units
  • 4,889 Sq Ft Building
  • Heritage Hills HOA
  • Heritage Hill Estates Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 25 / C

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

7,841 Sq Ft Lot

HOA Fees

$150 per month

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Proposed
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 47696
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 163.61219
  • Attribution Contact: 713-952-3200
  • Special Features: NewHome
  • Year Built: 2024

Interior Features

  • Interior Amenities: Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater

Beds/Baths

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

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Siding, Stone Veneer, Wood

Garage/Parking

  • Cooling System: Central Air
  • Garage Spaces: 4
  • Number Of Parking Spaces: 4
  • Parking Features: Garage
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Complex Name: Heritage Hill Estates
  • Association Fee: 1800
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Heritage Hills HOA
  • HOA Management Company: 000-000-0000

Schools

  • School District: Midlothian ISD
  • Elementary School: Vitovsky

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1800
  • Lot Size: 70X140
  • Lot Size Acres: 0.1800
  • Lot Size Sq Ft: 7840.8000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2024
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 30060.00
  • Gross Annual Income: 80160.00
  • Insurance Expense: 2500
  • Unit Count: 3

Tax Info

  • TaxBlock: C
  • Tax Lot: 25

MLS Schools

  • Middle School Name: Frank Seales
  • Elementary School Name: Vitovsky
  • High School Name: Heritage

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 For Sale $799,900 -- --
02/27/2024 02/27/24 Sold -- -- --
Source: North Texas Real Estate Information Systems (NTREIS)

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20583217

North Texas Real Estate Information Systems (NTREIS)
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