577 Richlands Way

Fate, TX 75087
Beds
8
Baths
8
$1,150,000
**INVESTORS** New Construction Luxury 4-Plex in heart of Fate Downtown. Four 2-Bed, 2-Bath, 1025sqft Units in a strong Rental market with explosive growth in Fate, Royse City. Quality Construction with Energy Efficient Wall Framing, Low-E Windows, Spray Foam Insulated, Fire Rated Walls between Units, Fire Alarm & Sprinkler Systems. Kitchens:Read MoreRead Less
Courtesy of Colleen Frost Real Estate Serv, Vic Reddy Pasham.
Listing Snapshot
Days Online
18
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
8
Lot Size
2.39 Acres
Year Built
2024
MLS Number
20769264
Property Location Map
Additional Details
Property Access
Road frontage type: AllWeatherRoad, Road surface type: Asphalt
Appliances & Equipment
Dishwasher, ElectricCooktop, ElectricRange, Microwave, Refrigerator
Building
Built in 2024, Construction materials: Brick, Stucco, Levels: Two, 12 buildings, 2, Toal building area: 4100
Cooling
CentralAir, CeilingFans, Electric
Expenses
Insurance: $2,000
Floors
LuxuryVinyl, LuxuryVinylPlank
Heating
Central, Electric
Home Owner's Association
Association fee: $180
Income
Gross income: $86,400, Net operating income: $62,240
Interior Features
HighSpeedInternet, MultipleStaircases, SmartHome, CableTv, WiredForSound
Lot
2.39 acres, 104,108 sqft
Energy Saving
Green energy efficient: Appliances, Insulation, Green water conservation: WaterSmartLandscaping
Parking
10 total parkings, Common, OnStreet, Unassigned
Pool
None
Roof
Asphalt
Security Features
SecuritySystem
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable, CableAvailable
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Monthly Payment
$0
Summer DeWitt Mills
Broker / Owner
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Listing data last updated: Eastern