2725 Toronto Street
Fort Worth, TX 76103
/ Sycamore Heights
MLS ID# 20510315 Active
Apartment
$2,295,000
Details for 2725 Toronto Street, Fort Worth TX 76103
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!
Features and Details
- Category Multi-Family
- Type Apartment
- Area/Neighborhood Sycamore Heights
- County Tarrant
- Acreage 0.964 Acres
- MLS ID# 20510315
- Year Built 1956
- Garage Capacity 2
- Living Area 12441 sqft
- Room Name Size
- Complex Name
- Sycamore Creek Apartments
- Construction
- Siding, Wood, Composition, Pillar/Post/Pier
- Heating/Cooling
- Electric, Electric,Wall/Window Unit(s)
- Association Fee
- None
- Fencing
- Wood, Wrought Iron
- Flooring
- Luxury Vinyl Plank, Wood
- Green Features
- Green Verification Count: 0
- Interior Features
- Granite Counters
- Parking
- Asphalt
- Utilities
- City Sewer, City Water, Individual Gas Meter, Individual Water Meter, Master Gas Meter, Master Water Meter
- Year Built
- 1956, Preowned
- Gross Annual Expenses
- 97939.00
- Gross Annual Income
- 222000.00
- Net Operation Income
- 82439
- # of Buildings
- 12
- OccupancyRate
- 85
Units Details
- Dimensions
- Dinging Area: 9x10
Kitchen: 10x10
Living Area: 9x10
Master Bedroom: 9x10 - Lease
- $795
- Full Baths
- 1
- # Units
- 25
- SqFt
- 384
- Dimensions
- Dinging Area: 12x15
Kitchen: 12x15
Living Area: 12x15
Master Bedroom: 12x15 - Lease
- $955
- Full Baths
- 1
- # Units
- 2
- SqFt
- 741
- Dimensions
- Dinging Area: 9x10
Kitchen: 9x10
Living Area: 9x10
Master Bedroom: 9x10 - Lease
- $697
- Full Baths
- 1
- # Units
- 5
- SqFt
- 366