Mark Maldonado
Mersal Realty
License number: 0655845
mobile: (972) 658-2877
www.markmaldona­dorealty.com
$1,158,900
577 Richlands Way, Fate, Texas 75087, USA
MLS#
21274734
Property Type
Residential For Sale, Multi-Family, Fourplex
Property Size
4,100 sqft (380.89 m2)
Land size
0.13 sqft (0.01 m2)
Building Size
4,100 sqft (380.9 m2)
Status
Bedrooms
8
Baths
8
Sale price per sqm
3,042.51 $
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 Details
2024 Year Built:
Building or Complex name: Fate - Yrc Location:
Brick Construction:
Stucco Exterior Description:
Resale Condition:
Refrigerator, Dishwasher, Microwave, Cooktop - Electric Appliances:
Multiple Staircases Property Features:
City Water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
Cable Available, Broadband internet access Telecommunication:
On Slab Basement and Foundation:
Asphalt Roofing:
Parking / Garage
10 Number of parking spaces:
Common Lot, On Street, Unassigned Parking type:
School Information
1012 School District:
Vernon Elementary School:
Royse City High School:
Royse City Middle School:


Listing by: Monument Realty

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