4716 Sycamore St - Apartments FOR SALE


Dallas, TX 75204- Old East Dallas
$2,995,000 USD
469-554-0430
4716 Sycamore St, Dallas, TX for Sale
$2,995,000 USD
Apartments - FOR SALE
1/12
null | 5.31% Cap Rate

4716 Sycamore St
Dallas, TX 75204
Old East Dallas


OVERVIEW

Dallas Property Advisors, LLC is pleased to announce the exclusive listing of The Sycamore Tree Condominiums. Nestled in the residential neighborhood of Peak’s Suburban subdivision in Old East Dallas, 4716 Sycamore is a 21-unit multifamily complex. Each unit is separately deeded giving flexibility to the buyer in their exit strategy. Units are very spacious, averaging over 700 square feet and offer a variety of 1 and 2-bedroom floor plans. The building has central heating/cooling, separate electric meters, ample parking, a spacious courtyard, and much more. Tenants love this subdivision because it is in a quiet neighborhood and close to Downtown, Knox Henderson, Lower Greenville, and Uptown. The value lies in renovating the remaining units and getting all units to market. Additionally, there is currently no RUBS program which should be implemented to off set costs of the utilities. Lastly, there are two empty maintenance storage rooms on the 3rd floor that could be converted into locker storage for additional income. There is also an attractive Freddie Mac non-recourse loan that a buyer can potentially assume at an interest rate of 4.54, 30-year amortization, and a maturity date of January 2039. Or the property can be purchased free and clear of debt.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

21

PRICE/UNIT

$142,619

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,000 SF

ZONING

Z164

APN/PARCEL ID

00C70750000A00101

ASK ABOUT THIS PROPERTY

Matteo FaethDallas Property AdvisorsMore Info
469-554-0430

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Matteo FaethDallas Property AdvisorsMore Info
469-554-0430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.