2725 Toronto Street

Fort Worth, TX 76103

$2,295,000
Price
32
Beds
12,441 Sq. Ft.
$184 / Sq. Ft.
12,441
Sq. Ft.
$184
per Sq. Ft.

Description

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...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!
  1. Listed by Brian Abadie • TREC #0750197 • Ready Real Estate LLC • 214-937-9761

Property Details for 2725 Toronto Street

Subdivision Name
Sycamore Heights
Pool
No
Garage Spaces
2
Number Of Parking Spaces
22

Location

Listing Courtesy of Ready Real Estate LLC, Brian Abadie
Add your commute
LISTING UPDATED: 03/25/2024 11:43 AM

Property Details for 2725 Toronto Street

StatusActive
MLS #20510315
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1956
Lot Size0.96 AC / 41,991 SF
CountyTarrant County

Location

Listing Courtesy of Ready Real Estate LLC, Brian Abadie
Add your commute

Building Information for 2725 Toronto Street

Stories1Residences32Year Built1956Building Size-Lot Size0.96 AC / 41,991 SF

Payment Calculator

$13,998 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$1,473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2725 Toronto Street

Summary
Location and General Information
  • Complex Name: Sycamore Creek Apartments
  • Directions: GPS
  • Elementary School: Meadowbrook
  • Elementary School Name: Meadowbrook
  • High School: Eastern Hills
  • High School Name: Eastern Hills
  • Middle School: Meadowbrook
  • Year Built Details: Preowned
  • School District: Fort Worth ISD
  • Geocode Confidence: Medium
  • Latitude: 32.74
  • Longitude: -97.28
  • State: Texas
Parking
  • Parking Features: Asphalt
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Luxury Vinyl Plank, Wood
  • Heating: Electric
  • Interior Features: Granite Counters
  • Appliances: Gas Range, Refrigerator
  • Cooling: Electric, Wall/Window Unit(s)
  • Living Area: 12441.0
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Siding, Wood
  • Fencing: Wood, Wrought Iron
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 32
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water, Individual Gas Meter, Individual Water Meter, Master Gas Meter, Master Water Meter
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: .5 to < 1 Acre
  • Lot Size Acres: 0.964
  • Lot Size Area: 0.964
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 41991.84
  • Multi Parcel ID: Yes
  • Parcel Number: 03069265
  • Parcel Number 2: 03069206, 03069257
Multi Family
Multi-Family Information
  • Number Of Buildings: 12
  • Capitalization Rate: 3.59%
  • Gross Annual Expenses: $97,939
  • Gross Annual Income: $222,000
  • Insurance Expense: $15,500
  • Net Operation Income: $82,439.00
Unit 1
  • Approximate SQFT: 384.0
  • Average Lease Amount: $795.00
  • Dining Area Length: 9.0
  • Dining Area Width: 10.0
  • Kitchen Length: 10.0
  • Kitchen Width: 10.0
  • Living Area Length: 9.0
  • Living Area Width: 10.0
  • Master Bed Length: 9.0
  • Master Bed Width: 10.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 25
Unit 2
  • Approximate SQFT: 741.0
  • Average Lease Amount: $955.00
  • Dining Area Length: 12.0
  • Dining Area Width: 15.0
  • Kitchen Length: 12.0
  • Kitchen Width: 15.0
  • Living Area Length: 12.0
  • Living Area Width: 15.0
  • Master Bed Length: 12.0
  • Master Bed Width: 15.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 2
Unit 3
  • Approximate SQFT: 366.0
  • Average Lease Amount: $697.00
  • Dining Area Length: 9.0
  • Dining Area Width: 10.0
  • Kitchen Length: 9.0
  • Kitchen Width: 10.0
  • Living Area Length: 9.0
  • Living Area Width: 10.0
  • Master Bed Length: 9.0
  • Master Bed Width: 10.0
  • Number Of Baths Full: 1
  • Unit Type Type: Efficiency
  • Unit Type Units Total: 5

Property History for 2725 Toronto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2725 Toronto Street

Taxable ValueLand$15,750Additions$765,430Total$781,180
Tax Record2023$17,676 ($1,473 / month)
Home Facts
Total Finished SqFt5,607 SqFtAbove Grade Finished SqFt5,607 SqFtStories1Lot Size20,996 SqFtStyleMulti-Family Res (5+ Units)Year Built1956Year Renovated1966CountyTARRANTAPN41120---53----8---20

Schools near 2725 Toronto Street

This home is within Fort Worth Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Meadowbrook Elementary School
PublicPK to 5

Meadowbrook Middle School
Public6 to 8

Eastern Hills High School
Public9 to 12

I M Terrell Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2725 Toronto Street is a multi-family home for sale in Fort Worth, TX 76103. This property was listed for sale on January 25, 2024 by Ready Real Estate LLC, it's currently listed at $2,295,000. This listing's school district is Fort Worth Independent School District. Nearby schools include Meadowbrook Elementary School, Meadowbrook Middle School and Eastern Hills High School. 2725 Toronto Street is a 32-bed, 0-bath, 12,441 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ready Real Estate LLC, Brian Abadie

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 03/25/2024 11:43 AM