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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 Id: | 21421605 |
|---|---|
| List Price: | $2,495,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Active |
| Bedrooms Total: | 29 |
| Bathrooms Full: | 21 |
| Bathrooms Half: | 8 |
| Lot Size Square Feet: | 21,000.0000 |
| Lot Size Acres: | 0.4821 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Old East Dallas |
| Postal Code: | 75204 |
| Year Built: | 1972 |
| Unit Count: | 0 |
| Accessibility Features Yn: | No |
| Appliances: | Electric Range,Refrigerator |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 21.80 |
| Bathrooms Total Integer: | 29 |
| Building Area Source: | Owner |
| Building Area Total: | 14,750.00 |
| Complex Name: | Sycamore Tree Condos |
| Construction Materials: | Stucco |
| Cooling: | Central Air |
| Directions: | head east on Live Oak. Make a right on Grigsby. Left on Sycamore. Property is on the right hand side. |
| Elementary School: | Chavez |
| Elementary School Name: | Chavez |
| Fencing: | Wood |
| Flooring: | Ceramic Tile, Laminate |
| Foundation Details: | Slab |
| Gross Annual Expenses: | $133,933 |
| Gross Annual Income: | $337,980 |
| Heating: | Central |
| High School Name: | North Dallas |
| Insurance Expense: | $20,000 |
| Interior Features: | Multiple Staircases, Walk-In Closet(s) |
| Levels: | Three Or More |
| Listing Terms: | 1031 Exchange, Assumable, Cash |
| Lot Features: | Interior Lot |
| Lot Size Area: | 21,000.0000 |
| Lot Size Units: | Square Feet |
| Middle School Name: | Spence |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $204,046 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 29 |
| Operating Expense Includes: | Gardener, Insurance, Maintenance, Maintenance Grounds, Manager, Utilities, Water/Sewer |
| Parking Features: | Common |
| Pool?: | No |
| Possession: | Closing/Funding |
| Roof: | Shingle |
| School District: | Dallas ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Tenancy: | No Sublease, No Waterbeds, Over 9 Months |
| Utilities: | City Sewer, City Water |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Dallas Property Advisors, LLC
Listing Agent: Matteo Faeth
469-554-0430
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North Texas Real Estate Information Systems, Inc. data last updated on October 28, 2026 03:13 AM - CT
Property Last Updated: October 28, 2026 03:13 AM - CT
