4716 Sycamore new Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75204
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Old East Dallas
MLS Listing ID 20963553
Year Built 1972
Lot Size 0.482 Acres
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
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile,Laminate
Exterior
Fence Wood
Utilities Available City Sewer,City Water
Roof Type Shingle
Building
Lot Description Interior Lot
Story Three Or More
Foundation Slab
Structure Type Stucco
Schools
Elementary Schools Chavez
Middle Schools Spence
High Schools North Dallas
School District Dallas Isd
Others
Acceptable Financing 1031 Exchange,Assumable,Cash
Listing Terms 1031 Exchange,Assumable,Cash
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20963553