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… Read More 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. Read Less
Courtesy of Dallas Property Advisors, LLC, Matteo Faeth.
Listing Snapshot
Days Online
33
Last Updated
Property Type
Apartment
Lot Size
0.29 Acres
Year Built
1961
MLS Number
21169358
Additional Details
Appliances & Equipment
ElectricRange, Microwave, Refrigerator
Building
Built in 1961, Construction materials: Stucco, Levels: Two, 1 building, 2, Toal building area: 8000
Cooling
CentralAir, WindowUnits
Expenses
Insurance: $7,500
Floors
Laminate, Tile
Heating
Central
Income
Gross income: $160,120, Net operating income: $90,742
Lot
0.287 acres, 12,502 sqft, InteriorLot
Parking
10 total parkings, Common
Pool
None
Roof
Flat
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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