Courtesy: Monument Realty
214-705-7827
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.
Fate is located in Texas. Fate, Texas has a population of 17,403. Fate is more family-centric than the surrounding county with 59.03% of the households containing married families with children. The county average for households married with children is 45.29%.
The median household income in Fate, Texas is $114,280. The median household income for the surrounding county is $111,595 compared to the national median of $69,021. The median age of people living in Fate is 34.2 years.
The average high temperature in July is 94.5 degrees, with an average low temperature in January of 33.6 degrees. The average rainfall is approximately 40.4 inches per year, with 0.6 inches of snow per year.
