New Construction
Address
625-627-629-631 Wheatfield Drive, Venus, TX
Price
$ 825,000
Property Attributes
- MLS#20290804
- TypePending
- CountyELLIS
- CityVenus
- NeighborhoodHeritage Hill Estates
- Zip76084
- StyleQuadruplex
- Price$ 825,000
- Bedrooms9
- Full Bathrooms6
- Half Bathrooms2
- Lot Size7,841 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
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!
| Elementary School |
|---|
| Vitovsky Elementary School |
| Price History | |
|---|---|
| 3/29/2023 | Listed $799,900 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | Heritage Hill Estates |
| Cooling | Central Air |
| Utilities | Asphalt,City Sewer,City Water |
| Possession | Closing/Funding,Upon Completion |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Electric Range,Electric Water Heater |
| Assoc Fees | 1800 |
| Number of Garage Spaces | 4 |
| School District | Midlothian ISD |
| HOA Fee Includes | Maintenance Grounds |
| Capitalization Rate | 5.78 |
| Year Built | 2024 |
| Levels | Two |
| Will Subdivide | No |
| Gross Annual Expenses | 30060.00 |
| Property SubType | Quadruplex |
| Subdivision Name | Heritage Hill Estates |
| Insurance Expense | 2500 |
| County | Ellis |
| Operating Expense Includes | Insurance,Maintenance,Vacancy Allowance |
| Property Type | Residential Income |
| Construction Materials | Brick,Siding,Stone Veneer,Wood |
| Association Fee Frequency | Annually |
| Year Built Details | Proposed |
| HOA Type | Mandatory |
| # of Buildings | 1 |
| Status | Pending |
| Directions | Going W. on HWY 67 toward Venus right after Jones Rd will be Heritage Hills Parkway on the right. If you come to Patriot Parkway on the right you have gone too far. The site is between Jones Rd. & Pa |
| City | Venus |
| Buyer Agent Compensation | 3 |
| Elementary School Name | Vitovsky |
| High School | Heritage |
| Street Name | Wheatfield |
| Elementary School | Vitovsky |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20290804 |
| Standard Status | Pending |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Granite Counters,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s) |
|---|---|
| Flooring | Carpet,Luxury Vinyl Plank |
| Total Units | 4 |
| Unit Count | 3 |
| Full Baths | 6 |
| Half Baths | 2 |
| Lock Box Type | See Remarks |
| Street Suffix | Drive |
| Total Bedrooms | 9 |
Exterior Features
| Lot Size Source | Plans |
|---|---|
| Parking Features | Garage |
| Foundation | Slab |
| Lot Size Area | 0.1800 |
| Lot Size Dimensions | 70X140 |
| Number Of Parking Spaces | 4 |
| Lot Size Units | Acres |
| Building Area Total | 4889.00 |
| Garage Y/N | Yes |
| Lot Size Square Feet | 7840.8000 |
| Lot Size Acres | 0.1800 |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 76084
Price
Visits
Year Built
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