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Investment Highlights

  • 100% Leased. Unit 632 at $1995 and Unit 636 at $1800.
  • Class A finishes throughout, minimizing near-term capital expenditures
  • Prime location within 30 minutes of both Dallas and Fort Worth
  • Property Management in place.

Executive Summary

Prime opportunity with this turnkey Class-A duplex built in 2021, located in Venus' highly sought-after Heritage Hills neighborhood, zoned to highly rated Midlothian Schools. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features two units, each with a spacious 3-bedroom, 2-bath layout on one level, a 2-car garage, and a private, fenced backyard with a covered patio. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, recessed and pendant lighting over the breakfast bar, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. Both units are currently leased to long-term tenants at $1,995 and $1800 per month, respectively, supported by a strong operating history, a low 2.4% tax rate, and minimal $750 per year HOA dues. With major economic drivers like the $1.6B Google Data Centers project and two hospitals nearby, plus excellent property management in place and willing to stay on, this asset is primed for continued growth; ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $63,072 $23.69
Other Income - -
Vacancy Loss $1,989 $0.75
Effective Gross Income $61,084 $22.95
Taxes $17,373 $6.53
Operating Expenses $10,016 $3.76
Total Expenses $27,390 $10.29
Net Operating Income $33,694 $12.66

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $63,072
Annual Per SF $23.69
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $1,989
Annual Per SF $0.75
Effective Gross Income (CAD)
Annual $61,084
Annual Per SF $22.95
Taxes (CAD)
Annual $17,373
Annual Per SF $6.53
Operating Expenses (CAD)
Annual $10,016
Annual Per SF $3.76
Total Expenses (CAD)
Annual $27,390
Annual Per SF $10.29
Net Operating Income (CAD)
Annual $33,694
Annual Per SF $12.66

Property Facts

Price $704,960 CAD
Price Per Unit $352,480 CAD
Sale Type Investment
Cap Rate 4.80%
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Building Size 2,662 SF
Average Occupancy 100%
No. Stories 1
Year Built 2021

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 $2,763 CAD 1,331
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
284009
Land Assessment
$111,336 CAD (2025)
Improvements Assessment
$598,292 CAD (2025)
Total Assessment
$709,628 CAD (2025)
Annual Taxes
$17,373 CAD ($6.53 CAD/SF)
Tax Year
2026
  • Listing ID: 39507363

  • Date on Market: 2026-02-20

  • Last Updated:

  • Address: 632 Harvest Moon Dr, Venus, TX 76084

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