Next Level Realty

2718 Cleveland Street

Dallas, TX 75215

MLS#: 21330836

$995,000

Status: Active
Listing number: 21330836
Listing provided by: Dallas Property Advisors, LLC
Listing agent phone: None
Last update: N/A
On site: a month ago
Browse Properties
D L Richardsons - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1961

Sq.Footage

8,000

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.

Features & Amenities

Interior

  • Other Interior Features

    Other

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Window Unit(s)

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Common

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Interior Lot

  • Lot Size(acres)

    0.287

  • Lot Size(square feet)

    12,501

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $995,000

  • Tax Amount

    $20,674

  • Sq. Footage

    8,000

  • Price/SqFt

    $124

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    Dunbar

  • Middle School

    Dade

  • High School

    Madison

Property Features

  • Foundation Details

    Pillar/Post/Pier

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

County

Dallas

Elementary School

Dunbar

Middle School

Dade

High School

Madison

Listing Courtesy of Matteo Faeth , Dallas Property Advisors, LLC

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Agent Joe Boston

AGENT

Joe Boston

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(817) 881-7100

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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.

2718 Cleveland Street

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