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Fate, TX 75087
  • 8 Beds
  • 8 Baths
  • 4,100 sqft
$1,100,000

About this home

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built in 2024 with modern finishes, quartz countertops, Euro-style cabinetry, 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.

Located in one of the fastest-growing areas of Fate, this property sits near major local growth and future commercial development, including the planned Fate Yards project at Memorial Parkway and I-30. Fate Yards is expected to bring a large-scale entertainment, dining, retail, office, hospitality, gym, movie theater, greenspace, and restaurant destination to the area, further supporting long-term rental demand and neighborhood convenience.

With stabilized income, full occupancy, and proximity to I-30, George Bush Turnpike access, Lake Ray Hubbard, shopping, dining, and future commercial amenities, this is an excellent turnkey investment opportunity in the path of growth. Buyer and buyer’s agent to verify all development plans, timelines, tenants, approvals, and future area improvements.

Overview

Full Baths
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Half Baths
0
Bathrooms
8
Bedrooms
8
Building Area
4100
Levels
Two
Living Area
4100
Lot Size (Acres)
0.13
Property Subtype
Quadruplex
Property Type
Residential Income
Status
Active
Year Built
2024

Interior

Appliances
Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Cooling
Central Air, Ceiling Fan(s), Electric
Fireplaces
0
Flooring
Luxury Vinyl Plank
Heating
Central, Electric
Interior Features
High Speed Internet, Multiple Staircases, Smart Home, Cable TV, Wired for Sound

Exterior & Construction

Construction
Brick, Stucco
Foundation
Slab
Roof
Asphalt, Other

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Fate
County
Rockwall
School District
Royse City ISD
ZIP Code
75087
State
TX
Subdivision
Richlands Plaza

Financial

HOA Fee
1041
HOA Fee Frequency
Quarterly
Price
1100000

Utilities

Sewer
Public Sewer
Utilities
Sewer Available, Water Available, Cable Available

Listing Details

Listing Agent
Chaz Cameli
Listing Office
Monument Realty
MLS #
21274734
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21274734

Listing agents

Listing AgentChaz CameliMonument Realty

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