577 Richlands Way, Fate, TX 75087
- $1,100,000
- 8
- BD
- 8
- BA
- 4,100
- SqFt
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 21274734
- Price Change
- ▼ $58,900 1788151339
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 4,100
- Lot Size
- 5,662
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 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.
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Additional Information
- Taxes
- $10,916
- HOA Fee
- $1,041
- HOA Name
- Richland Plaza HOA
- Year Built
- 2024
- Parking Spaces
- 10
- Interior Features
- High Speed Internet, Multiple Staircases, Smart Home, Cable TV, Wired Audio
- Roof
- Asphalt, Other
- Appliances
- Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
- School District
- Royse City Isd
- Elementary School
- Vernon
- High School
- Royse City
- Middle School
- Royse City
- Sewer
- Public Sewer
- Stories
- 2
- Street Name
- Richlands Way
- Street Number
- 577
- Water
- Public
- Acres
- 0.13
- County
- Rockwall
- Foundation
- Slab
- Heating
- Central, Electric
Mortgage Calculator
Listing courtesy of Chaz Cameli from Monument Realty. Contact: 714-580-6346
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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