577 Richlands Way, Fate, TX 75087
Local realty services provided by:CENTURY 21 Alliance Properties
Listed by: chaz cameli
Office: monument realty
MLS#:21274734
Source:GDAR
Price summary
- Price:$1,100,000
- Price per sq. ft.:$268.29
- Monthly HOA dues:$347
About this home
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....
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Home facts
- Year built:2024
- Subdivision & Development:Richlands Plaza
- Listing ID #:21274734
- Added:154 day(s) ago
- Updated:November 06, 2026 at 01:17 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
- Living area:4,100 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:2024
- Building area:4,100 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Brick, Stucco
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Royse City
- Middle school:Royse City
- Elementary school:Vernon
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$268.29
- Tax amount:$10,916
Features and amenities
- Appliances:Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Parking
- Total parking spaces:10
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