2718 Cleveland Street, Dallas, Texas, 75215

Listed by Dallas Property Advisors, LLC, Matteo Faeth, 469-554-0430
$895,000
8,000 Sqft
0.29 Acres
0 ba
#21330836
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

  • 8 Unit(s)
  • Utilities : City Sewer,City Water
  • Parking Features: Common
  • 10 Parking Space(s)
  • Lot Features : Interior Lot
  • Lot Features : Flat
  • Cooling: Central Air,Window Unit(s)
  • Heating : Central
  • Construction Materials: Stucco
  • Foundation Details: Pillar/Post/Pier
  • Appliances : Electric Range,Microwave,Refrigerator
  • Flooring : Laminate,Tile
  • Levels : Two
  • Green Verification Count : 0
PROPERTY DETAILS
ID: 21330836
Status: Active
Price: $895,000
Acres: 0.29 Acres
Price Per Acre: $3,118,467
Type: Condo/ Townhome/ Apartment
Address: 2718 Cleveland Street
City, State: Dallas, Texas
County: Dallas
Zip Code: 75215
Lat/Long: 32.762397, -96.781367
Presented By: Matteo Faeth
Phone: 469-554-0430
Email: Click to Contact