BEDS8
BATHS8 full
SQUARE FEET4,100
MLS#21274734
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRichlands Plaza
SCHOOLRoyse City ISD
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Electric
Lot Size: 0.13 Acres
Roof Type: Asphalt, Other
Year Built: 2024
Amenities
Cable TV Available
Flat Screen Wiring
High Speed Internet Available
Multiple Staircases
Smart Home System
Feature Descriptions
Appliances: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Days on Site: 44
Exterior: Brick, Stucco
Flooring: Luxury Vinyl Plank
HOA Fee: 1385/ Quarterly
Parcel#: 000000336209
Parking: Common, On Street, Unassigned
Parking Notes: Common, On Street, Unassigned
Units: 4
Utilities: All Weather Road, Asphalt, City Sewer, City Water
Local Schools
Elementary School: Vernon
School District: Royse City ISD
Listed By / Shown By
Listed By
Agency Name: Monument Realty
Agency Contact: 714-580-6346
Agent Name: Chaz Cameli
Shown By
Agent Name: Bailey Gonzales
Agent Phone: (979) 220-6587
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 2,917.22 per month $2,579.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $338.01 Homeowner's InsuranceChange Payment Information
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577 Richlands Way | MLS# 21274734
This multi-family property located at 577 Richlands Way, Fate, TX 75087 is currently listed for sale with an asking price of $1,158,900. Richlands Way is located within the Royse City ISD school district. Search Fate real estate on baileygonzales.kellyrealtors.com today.