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Dallas, TX 75215
$995,000

About this home

2718 Cleveland is an 8-unit value-add multifamily opportunity located in The Cedars, a rapidly transforming neighborhood just south of Downtown Dallas and Deep Ellum. The property benefits from immediate access to major employment centers, entertainment districts, and ongoing neighborhood reinvestment.

The asset features rare, oversized unit layouts comprised of four (4) 4-bedroom units and four (4) 3-bedroom units, positioning the property to serve strong family and roommate demand within an infill urban submarket.

The investment offers a clear value-add business plan, including interior renovations to drive rent growth, property tax appeals to reduce expenses, and the opportunity to shift electricity to tenant responsibility, aligning operating costs with market standards and increasing NOI.

With its irreplaceable Cedars location, unique unit mix, and multiple paths to income growth, 2718 Cleveland presents an attractive opportunity for investors seeking durable cash flow with meaningful upside in a high-growth Dallas submarket.

Overview

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
8000
Levels
Two
Living Area
0
Lot Size (Acres)
0.287
Property Subtype
Apartment
Property Type
Residential Income
Status
Active
Year Built
1961

Interior

Appliances
Electric Range, Microwave, Refrigerator
Cooling
Central Air, Window Unit(s)
Fireplaces
0
Flooring
Laminate, Tile
Heating
Central
Interior Features
Other

Exterior & Construction

Construction
Stucco
Foundation
Pillar/Post/Pier
Lot Features
Interior Lot
Roof
Flat

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Dallas
County
Dallas
School District
Dallas ISD
ZIP Code
75215
State
TX
Subdivision
D L Richardsons

Financial

Price
995000

Utilities

Sewer
Public Sewer
Utilities
Sewer Available, Water Available

Listing Details

Listing Agent
Matteo Faeth
Listing Office
Dallas Property Advisors, LLC
MLS #
21330836

Listing agents

Listing AgentMatteo FaethDallas Property Advisors, LLC

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