BEDS0
BATHS
MLS#21169358
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIOND L Richardsons
SCHOOLDallas ISD
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Heating: Central
Lot Size: 0.29 Acres
Roof Type: Flat
Year Built: 1961
Amenities
Other
Feature Descriptions
Appliances: Electric Range, Microwave, Refrigerator
Days on Site: 51
Exterior: Stucco
Flooring: Laminate, Tile
Lot: Interior Lot
Lot Dimensions: 100x125
Parcel#: 00000141223000000
Parking: Common
Parking Notes: Common
Units: 8
Utilities: City Sewer, City Water
Local Schools
Elementary School: Dunbar
School District: Dallas ISD
Listed By / Shown By
Listed By
Agency Name: Dallas Property Advisors, LLC
Agency Contact: 469-554-0430
Agent Name: Matteo Faeth
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 2,504.65 per month $2,214.44 Principal & Interest $0.00 Property Tax (data not provided by mls) $290.21 Homeowner's Insurance
2718 Cleveland Street | MLS# 21169358
This multi-family property located at 2718 Cleveland Street, Dallas, TX 75215 is currently listed for sale with an asking price of $995,000. Cleveland Street is located within the Dallas ISD school district. Search Dallas real estate on www.kellyrealtors.com today.