• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Dallas Property Advisors, LLC- MLS# 21173004MLS ProviderContact Information: Matteo Faeth - 469-554-0430

4716 SycamoreDallas, TX 75204

Multi-Family · 14,750 Sq. ft. | 0.48 Acres
$2,795,000 Active Under Contract

4716 Sycamore Overview

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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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4716 Sycamore Facts & Features

  • Type Multi-Family
  • Sq. ft. 14,750
  • Price/Sq.ft. $189
  • Lot 0.48 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Chavez
  • Middle Or Junior School: Spence
  • High School: North Dallas

Income/Expenses

  • Gross Income: 337980.0
  • Insurance Expense: 20000.0
  • Net Operating Income: 204046.0
  • Operating Expense Includes: Gardener,Insurance,Maintenance Grounds,Manager,Maintenance,Utilities,Water/Sewer

Building Information

  • Year Built: 1972
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Old East Dallas

General Information

  • Listing Terms: Assumable,Cash,1031 Exchange
  • Parcel Number: 00C70750000A00101
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 14750.0

General Information

  • Appliances: Electric Range,Refrigerator
  • Basement: No
  • Flooring: Ceramic Tile,Laminate
  • Foundation Details: Slab
  • Interior Features: Multiple Staircases,Walk-In Closet(s)
  • Levels: Three Or More

Exterior

Parking Information

  • Parking Features: Common
  • Parking Total: 29.0

Lot Information

  • Lot Features: Interior Lot
  • Lot Size Acres: 0.4821
  • Lot Size Area: 21000.0
  • Lot Size Square Feet: 21000.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Stucco
  • Roof: Shingle

General Information

  • Fencing: Wood
  • Number Of Units Total: 21
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4716 Sycamore Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4716 Sycamore Market Data

Based on the last 30 days in this zip code

$656,271
Average List Price
$332
Average Price per Square Foot
30
Properties Sold
84
Average Days on Market
220
Properties for Sale
Calculations provided by Reliance Network


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