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(903) 675-5207
Real Estate Company
4716 Sycamore, Dallas, TX 75204
- $2,495,000
- 29
- BD
- 29
- BA
- List Price
- $2,495,000
- Status
- ACTIVE
- MLS#
- 21421605
- Subtype
- ResidentialIncome
- Foreclosure
- Yes
- Construction Status
- Preowned
- Year Built
- 1972
- Bedrooms
- 29
- Bathrooms
- 29
- Full Baths
- 21
- Half Baths
- 8
- Lot Size
- 21,000
- Acres
- 0.48
- Subdivision
- Old East Dallas
- Building Name
- Sycamore Tree Condos
Property Description
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.
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Additional Information
- Interior Features
- Multiple Staircases, Walk-In Closet(s)
- Building Name
- Sycamore Tree Condos
- Flooring
- Tile, Laminate
- Appliances
- Electric Range, Refrigerator
- Heating
- Central
- Air Conditioning
- Central Air
- Levels
- Three Or More
- Roof
- Shingle
- Foundation
- Slab
- Parking Features
- Common
- School District
- Dallas Isd
- Elementary School
- Chavez
- Middle School
- Spence
- High School
- North Dallas
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Listing courtesy of Matteo Faeth from Dallas Property Advisors, LLC. Contact: 469-554-0430
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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