616-620 Blackland Drive

Venus, TX 76084

$625,000
Price
8
Beds
4
Baths
3,140 Sq. Ft.
$199 / Sq. Ft.
3,140
Sq. Ft.
$199
per Sq. Ft.

Description

Prime opportunity to invest in a Class-A new construction luxury duplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the low to mid 5s plus get Owner's title policy paid by Builder when using preferred Lender. This duplex is to be built and is estimated to be complete by December 2023. Strong tenant demand and fast leasing in DFW. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth...Prime opportunity to invest in a Class-A new construction luxury duplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the low to mid 5s plus get Owner's title policy paid by Builder when using preferred Lender. This duplex is to be built and is estimated to be complete by December 2023. Strong tenant demand and fast leasing in DFW. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth in the last decade. Children attend Midlothian schools. This duplex has two 4-bedroom units with 2 baths. Each unit has a two car garage and a fenced in back yard. Projected rents of $2450 per month based on strong Tenant demand for duplexes in Phase 1. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%. Hurry - this won't last!
  1. Listed by Erion Shehaj • TREC #0516948 • Signature Real Estate • 713-952-3200

Property Details for 616-620 Blackland Drive

Subdivision Name
Heritage Hill Estates
HOA Management Company
Heritage Hills HOA
Pool
No
Garage Spaces
4
Number Of Parking Spaces
2
Lot Size Dimensions
70X140

Location

Listing Courtesy of Signature Real Estate, Erion Shehaj
Add your commute
LISTING UPDATED: 04/19/2024 11:18 AM

Property Details for 616-620 Blackland Drive

StatusActive
MLS #20583190
Days on Market25
Taxes-
HOA Fees$750 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2023
Lot Size0.23 AC / 9,801 SF
CountyEllis County

Location

Listing Courtesy of Signature Real Estate, Erion Shehaj
Add your commute

Building Information for 616-620 Blackland Drive

Stories1Residences2Year Built2023Building Size-Lot Size0.23 AC / 9,801 SF

Payment Calculator

$3,473 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

—

HOA Dues

$63

The Payment Calculator is for illustrative purposes only.

Property Information for 616-620 Blackland Drive

Summary
Location and General Information
  • Block: C
  • Complex Name: Heritage Hill Estates
  • Directions: Going W. on HWY 67 toward Venus right after Jones Rd will be Heritage Hills Parkway on the right. If you come to Patriot Parkway on the right you have gone too far. The site is between Jones Rd. & Patriot Pkwy (Or search for Fallow Dr on Google Maps)
  • Elementary School: Vitovsky
  • Elementary School Name: Vitovsky
  • High School: Heritage
  • High School Name: Heritage
  • Middle School: Frank Seales
  • Year Built Details: Proposed
  • School District: Midlothian ISD
  • Geocode Confidence: Medium
  • Latitude: 32.45
  • Longitude: -97.08
  • State: Texas
Parking
  • Parking Features: Garage
  • Attached Garage: Yes
  • Garage: Yes
Taxes and HOA Information
  • Association Fee Includes: Maintenance Grounds
  • Association Type: Mandatory
  • HOA Management Company Phone: 000-000-0000
  • Association Fee: $750.00
  • Association Fee Frequency: Annually
  • Tax Lot: 2
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Luxury Vinyl Plank
  • Heating: Central, Electric
  • Interior Features: Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Plans
  • Construction Materials: Brick, Siding, Stone Veneer, Wood
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Asphalt, City Sewer, City Water
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
Lot Information
  • Lot Size Acres: 0.225
  • Lot Size Area: 0.225
  • Lot Size Source: Plans
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9801.0
  • Multi Parcel ID: No
  • Parcel Number: N/A
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 5.82%
  • Gross Annual Expenses: $20,654
  • Gross Annual Income: $58,800
  • Insurance Expense: $1,900
  • Total Annual Expenses Include: Insurance, Maintenance, Vacancy Allowance
  • Net Operation Income: $36,382.00
Unit 1
  • Approximate SQFT: 1534.0
  • Average Lease Amount: $2,450.00
  • Dining Area Length: 11.0
  • Dining Area Width: 13.0
  • Kitchen Length: 12.0
  • Kitchen Width: 10.0
  • Living Area Length: 15.0
  • Living Area Width: 17.0
  • Master Bed Length: 12.0
  • Master Bed Width: 14.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1605.0
  • Average Lease Amount: $2,450.00
  • Dining Area Length: 11.0
  • Dining Area Width: 12.0
  • Kitchen Length: 12.0
  • Kitchen Width: 12.0
  • Living Area Length: 14.0
  • Living Area Width: 19.0
  • Master Bed Length: 14.0
  • Master Bed Width: 12.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 616-620 Blackland Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 616-620 Blackland Drive

This home is within Midlothian Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
J A Vitovsky Elementary School
PublicPK to 5

Frank Seale Middle School
Public6 to 8

Midlothian High School
Public9 to 12

Earl & Marthalu Dieterich Middle
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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616-620 Blackland Drive is a multi-family home for sale in Venus, TX 76084. This property was listed for sale on April 9, 2024 by Signature Real Estate, it's currently listed at $625,000. This listing's school district is Midlothian Independent School District. Nearby schools include J A Vitovsky Elementary School, Frank Seale Middle School and Midlothian High School. 616-620 Blackland Drive is a 8-bed, 4-bath, 3,140 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Real Estate, Erion Shehaj

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/19/2024 11:18 AM