Properties

Venus, TX 76084 640-642-644-646 Fallow Drive

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Presented By: Signature Real Estate
  • MLS# 21176491
  • 02/10/2026
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  • Beds • 9
  • Full/Half Baths • 6 / 2
  • Garage • 4

Home Details

Prime investment opportunity that won't last long! This turnkey Class-A fourplex built in 2023, is located in Venus' highly sought-after Heritage Hills neighborhood, zoned to highly rated Midlothian Schools. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features four units, a larger 3-bed 2-bath flat on the ground floor, a modern 2-bed 2-bath flat on the second floor and two townhouse-style 2-bed 1.5-bath units. Each unit has a dedicated one-car garage. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, recessed and pendant lighting over the breakfast bar, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. All units are currently leased to long-term tenants at $1,795, $1,695, $1,595, and $1,495 per month, respectively, supported by a strong operating history, a low 2.4% tax rate, and affordable HOA dues of $ 1,500 per year. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place and willing to stay on, this asset is primed for continued growth. Ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow.
Presented By: Signature Real Estate

Interior Features for 640-642-644-646 Fallow Drive

Bedrooms

Total Bedrooms9

Bathrooms

Half Baths2
Total Baths8

Other Interior Features

Unit Count4
Lock Box TypeNone
FlooringCarpet, Luxury Vinyl Plank
Interior FeaturesEat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Occupancy Rate100
Total Units4

General for 640-642-644-646 Fallow Drive

# of Buildings1
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Assoc Fees1800
Association Fee FrequencyAnnually
Capitalization Rate5.24
CityVenus
Complex NameHeritage Hill Estates
Construction MaterialsBrick, Siding, Stone Veneer, Wood
CoolingCentral Air
CountyEllis
DirectionsGoing 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 community entrance is between
Elementary SchoolVitovsky
Elementary School NameVitovsky
Full Baths6
Gross Annual Expenses35243.00
HOA Fee IncludesMaintenance Grounds
HOA TypeMandatory
HeatingCentral, Electric
High SchoolHeritage
Insurance Expense3953
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional
Number of Garage Spaces4
Occupant TypeTenant
Operating Expense IncludesInsurance, Maintenance, Professional Management, Vacancy Allowance
Pool Y/NNo
PossessionClosing/Funding, Upon Completion
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictMidlothian ISD
Special NotesDeed Restrictions
Standard StatusActive
StatusActive
Subdivision NameHeritage Hill Estates
UtilitiesAsphalt, City Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2023
Year Built DetailsPreowned

Exterior for 640-642-644-646 Fallow Drive

Attached Garage Y/NYes
Building Area Total4889.00
Foundation Slab
Garage Y/NYes
Lot FeaturesCleared
Lot Size Acres0.1800
Lot Size Area0.1800
Lot Size Dimensions70X140
Lot Size SourcePlans
Lot Size Square Feet7840.8000
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesGarage
WaterfrontNo

Additional Details

Price History

Schools

Elementary School Vitovsky Elementary School
Middle School N/A

Connect Realty

Price $835,000
MLS#21176491
List Date 02/10/2026
Property Type Multi-Family
Phone 888.795.6274
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2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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