4716 Sycamore, Dallas, TX 75204 - MLS#20963553 - Mike Bowman

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Mike Bowman

[email protected] +1(817) 328-2306

$2,995,000

Est. payment - /mo

0.48 Acres Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Old East Dallas

MLS Listing ID 20963553

HOA Y/N None

Total Fin. Sqft 14750

Year Built 1972

Lot Size 0.482 Acres

Acres 0.4821

Property Sub-Type Apartment

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.

Location

State TX

County Dallas

Direction head east on Live Oak. Make a right on Grigsby. Left on Sycamore. Property is on the right hand side.

Interior

Interior Features Multiple Staircases, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Laminate

Appliance Electric Range, Refrigerator

Heat Source Central

Exterior

Fence Wood

Utilities Available City Sewer, City Water

Roof Type Shingle

Garage No

Building

Lot Description Interior Lot

Story Three Or More

Foundation Slab

Level or Stories Three Or More

Structure Type Stucco

Schools

Elementary Schools Chavez

Middle Schools Spence

High Schools North Dallas

School District Dallas Isd

Others

Ownership See Agent

Acceptable Financing 1031 Exchange, Assumable, Cash

Listing Terms 1031 Exchange, Assumable, Cash

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Matteo Faeth • Dallas Property Advisors, LLC

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Mike Bowman

+1(817) 328-2306

Broker | License ID: 0273938

Broker License ID: 0273938

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4716 Sycamore Dallas, TX 75204

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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