1. Texas
2. Dallas
3. 4716 Sycamore

4716 Sycamore, Dallas, TX 75204

• 14,750 sqft

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.

Listing Status:

Active

Listing Office:

Dallas Property Advisors, LLC : 469-554-0430

Listing Agent:

Matteo Faeth : 469-554-0430

MLS ID:

20963553

Interior

• General: Multiple StaircasesWalk-In Closet(s)
• Appliances: Electric RangeRefrigerator
• Flooring: Ceramic TileLaminate
• A/C: Central Air
• Heating: Central

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Matteo Faeth, Dallas Property Advisors, LLC