2725 Toronto Street
Fort Worth, TX 76103 / Sycamore Heights

MLS ID# 20510315 Active
Apartment

$2,295,000

0 units
2 garage capacity


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

Unit 1
Dimensions
Dinging Area: 9x10
Kitchen: 10x10
Living Area: 9x10
Master Bedroom: 9x10
Lease
$795
Full Baths
1
# Units
25
SqFt
384
Unit 2
Dimensions
Dinging Area: 12x15
Kitchen: 12x15
Living Area: 12x15
Master Bedroom: 12x15
Lease
$955
Full Baths
1
# Units
2
SqFt
741
Unit 3
Dimensions
Dinging Area: 9x10
Kitchen: 9x10
Living Area: 9x10
Master Bedroom: 9x10
Lease
$697
Full Baths
1
# Units
5
SqFt
366
This listing was last updated on 3/25/2024 11:43:41 AM.