2725 Toronto St, Fort Worth, TX 76103
32 Unit Apartment Building | $2,295,000 ($71,719/Unit) | 5.45% Cap Rate | Fort Worth, TX 76103
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $2,295,000
- Property Type
-
Multifamily
- Square Feet
- 12,441 SF
Listing Contacts
Brian Abadie
Verified Profile
- Property Info
Property Overview
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 2021-2023 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 two 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. Don't miss this one.
Property Details
- Class
- C
- Year Built/Renovated
- 1956/2022
- Stories
- 1
- Lot Size (sq. ft)
- 41,818 SF
- Units
- 32
Highlights
- Value-Add Opportunity
- Adheres to the 1% Rule
- On-Site PM Office
- On-Site 2-Car Garage
- $779/Unit Average Monthly Rent
- Offering for $73K/unit
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