577 Richlands Way Fate, TX 75087
8 Beds
8 Baths
4,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,100 sqft
Subdivision Richlands Plaza
MLS Listing ID 21274734
Bedrooms 8
Full Baths 8
HOA Fees $1,385/qua
HOA Y/N Mandatory
Total Fin. Sqft 4100
Year Built 2024
Annual Tax Amount $10,916
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Property Description
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.
Location
State TX
County Rockwall
Direction GPS
Interior
Interior Features Cable TV Available, Flat Screen Wiring, High Speed Internet Available, Multiple Staircases, Smart Home System
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Luxury Vinyl Plank
Appliance Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Utilities Available All Weather Road, Asphalt, City Sewer, City Water
Roof Type Asphalt,Other
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Stucco
Schools
Elementary Schools Vernon
Middle Schools Royse City
High Schools Royse City
School District Royse City Isd
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21274734
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