577 Richlands Way, Fate, TX 75087
577 Richlands Way, Fate, TX 75087
577 Richlands Way, Fate, TX 75087
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David Sheehan

David Sheehan

REFLECT Real Estate

+1(214) 923-5897
$1,195,000
Est. payment /mo
8 Beds
8 Baths
2 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2 sqft

Subdivision Richlands Plaza

MLS Listing ID 21274734

Bedrooms 8

Full Baths 8

HOA Fees $180/mo

HOA Y/N Mandatory

Total Fin. Sqft 2

Year Built 2024

Annual Tax Amount $10,916

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Quadruplex

Property Description

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied—an excellent turnkey investment property.

Location

State TX

County Rockwall

Direction GPS

Interior

Interior Features Cable TV Available, Flat Screen Wiring, High Speed Internet Available, Multiple Staircases, Smart Home System

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Luxury Vinyl Plank

Appliance Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available All Weather Road, Asphalt, City Sewer, City Water

Roof Type Asphalt,Other

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Stucco

Schools

Elementary Schools Vernon

Middle Schools Royse City

High Schools Royse City

School District Royse City Isd

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21274734

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
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Listed by Chaz Cameli • Monument Realty

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Reflect Real Estate

Reflect Real Estate

+1(214) 449-1822

Brokerage | License ID: 9010073

Brokerage License ID: 9010073

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