About 2725 Toronto Street
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 of 2725 Toronto Street
MLS® # | 20510315 |
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Price | $2,245,000 |
Units | 32 |
Bedrooms | 32 |
Square Footage | 12,441 |
Building Area Total | 12,441 |
Acres | 0.96 |
Year Built | 1956 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Active |
Community Information
Address | 2725 Toronto Street |
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Subdivision | Sycamore Heights |
City | Fort Worth |
County | Tarrant |
State | TX |
Zip Code | 76103 |
Amenities
Utilities | City Sewer, City Water, Individual Gas Meter, Individual Water Meter, Master Gas Meter, Master Water Meter |
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Parking Spaces | 22 |
# of Garages | 2 |
Garages | Asphalt |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Granite Counters |
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Heating | Electric |
Fireplace | No |
Exterior
Roof | Composition |
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Construction | Siding, Wood |
Foundation | Pillar/Post/Pier |
School Information
District | Fort Worth ISD |
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Elementary | Meadowbrook |
Middle | Meadowbrook |
High | Eastern Hills |
Additional Information
Net Operation Income | $82,439 |
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Gross Annual Income | $222,000 |
Gross Annual Expenses | $97,939 |
Insurance Expense | $15,500 |
CapitalizationRate | 3.67 |
Unit 1 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $795 |
SqFt | 384 |
Unit 2 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $955 |
SqFt | 741 |
Unit 3 Details
Type | Efficiency |
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Full Baths | 1 |
Rent | $697 |
SqFt | 366 |
Listing Details
Agent | Brian Abadie |
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Office | Ready Real Estate LLC |