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About This Home
This 8-bedroom, 8-bathroom residential multi family at 577 Richlands Way in Fate, TX is listed for $1,195,000 ($597,500 per sqft). Built in 2024, the home offers 2 sqft of living space on a 0.13 acres lot.
Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled su
rrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied-an excellent turnkey investment property.
Key Features
- Built in 2024
- 0.13 acre lot
- 2 stories
- 10 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$6,571/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
577 Richlands Way
Fate, TX 75087
Richlands Plaza
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 8-bathroom residential multi family at 577 Richlands Way is listed at $1,195,000 ($597,500/sqft). The estimated monthly payment is $5,358 based on 20% down at 6.5% interest.
HOA fees are $180/month.
Key features include: Built in 2024, 0.13 acre lot, 2 stories, 10 parking spaces. Interior Features: HighSpeedInternet, MultipleStaircases, SmartHome.
This property is listed by Chaz Cameli and can be reached at (214) 705-7827 or jeff@cheneygroup.com.