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Dallas Cashflowing Occupied 21-Plex $2.7M

4716 Sycamore, Dallas
ROI
21.50% IRR
Strategy
Long Term Rental
Rare 21-unit condo-platted multifamily producing $26,450/month in in-place income with 95% occupancy and each unit separately deeded, giving buyers a unique hybrid exit strategy: hold long-term for cash flow or sell units individually over time. Unit mix of 1- and 2-beds with separate electric meters, central HVAC, on-site laundry, and private courtyard. Prime Old East Dallas location near Downtown, Lower Greenville, Knox-Henderson, and Uptown drives consistent tenant demand. Strong as-is performance with clear upside through light interior upgrades, RUBS implementation, storage/laundry income, and pushing remaining units to market rents. Flexible, stabilized income today with multiple value-add levers tomorrow. There is a Freddie Mac non-recourse loan that a buyer can potentially assume for $1.15M at an interest rate of 4.54, 30-year amortization, and a maturity date of January 2039.

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Dallas Cashflowing Occupied 21-Plex $2.7M

Listed 02/10/2026

4716 Sycamore, Dallas

Purchase Price:$2,700,000

Cash Outlay:$729,000

Cashflow:$5,152/mo

Cap Rate:7.69%

IRR:21.50%

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