Address
2725 Toronto Street, Fort Worth, TX
Price
$ 2,295,000
Property Attributes
- MLS#20510315
- TypeMulti-Family
- CountyTARRANT
- CityFort Worth
- NeighborhoodSycamore Heights
- Zip76103
- StyleApartment
- Price$ 2,295,000
- Bedrooms32
- Full Bathrooms32
- Half Bathrooms0
- Sqr Footage12441
- Lot Size0.964 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Welcome to Sycamore Creek Apartments, nestled in the heart of Fort Worth, one of the nation's fastest-growing metro markets! Built in 1956, then renovated 2023 to cater to the needs of today's tenants. Conveniently located just six miles from downtown Fort Worth, with quick access to I35 and I30, and less than a mile from Texas Wesleyan University. Spread across three separate parcels on nearly one acre, the property comprises 12 one-story buildings, which includes an on-site PM office, and two-car garage for storage or owner needs. Significant capital investments have been made, including a tiered-style unit renovation program and exterior updates. Sycamore Creek boasts both one-bedroom and studio unit mixed apartments, ranging from 366 to 741 square feet. Seize the opportunity to acquire this extraordinary property that adheres to the coveted 1% rule, setting it apart as an unparalleled investment in the market. Calling all multifamily value-add investors and syndicators!
| Elementary School |
|---|
| Meadowbrook Elementary School |
| Price History | |
|---|---|
| 1/28/2024 | Listed $2,350,000 |
| 3/25/2024 | 3% - $2,295,000 |
General Features
| Heating | Electric |
|---|---|
| Complex Name | Sycamore Creek Apartments |
| Cooling | Electric,Wall/Window Unit(s) |
| Utilities | City Sewer,City Water,Individual Gas Meter,Individual Water Meter,Master Gas Meter,Master Water Meter |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Gas Range,Refrigerator |
| Number of Garage Spaces | 2 |
| School District | Fort Worth ISD |
| Capitalization Rate | 3.59 |
| Year Built | 1956 |
| Levels | One |
| Will Subdivide | Subdivided |
| Gross Annual Expenses | 97939.00 |
| Property SubType | Apartment |
| Subdivision Name | Sycamore Heights |
| Insurance Expense | 15500 |
| County | Tarrant |
| Property Type | Residential Income |
| Construction Materials | Siding,Wood |
| Year Built Details | Preowned |
| HOA Type | None |
| Special Notes | Affordable Housing |
| # of Buildings | 12 |
| Status | Active |
| Directions | GPS |
| City | Fort Worth |
| Buyer Agent Compensation | 2 |
| Elementary School Name | Meadowbrook |
| High School | Eastern Hills |
| Street Name | Toronto |
| Elementary School | Meadowbrook |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20510315 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Granite Counters |
|---|---|
| Flooring | Luxury Vinyl Plank,Wood |
| Occupancy Rate | 85 |
| Total Units | 32 |
| Unit Count | 3 |
| Lock Box Type | None |
| Street Suffix | Street |
| Total Bedrooms | 32 |
Exterior Features
| Fencing | Wood,Wrought Iron |
|---|---|
| Lot Size Source | Public Records |
| Parking Features | Asphalt |
| Lot Size | .5 to < 1 Acre |
| Covered Spaces | 2 |
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 0.9640 |
| Number Of Parking Spaces | 22 |
| Lot Size Units | Acres |
| Building Area Total | 12441.00 |
| Garage Y/N | Yes |
| Lot Size Square Feet | 41991.8400 |
| Lot Size Acres | 0.9640 |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76103
Price
Visits
Year Built
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