Price Reduction
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
AVG $980K
$2.3M
Visits
AVG 137
201
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1956

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