2718 Cleveland St - Apartments FOR SALE


Dallas, TX 75215- The Cedars
$995,000 USD
469-554-0430
2718 Cleveland St, Dallas, TX for Sale
$995,000 USD
Apartments - FOR SALE
1/20
null | 6.76% Cap Rate

2718 Cleveland St
Dallas, TX 75215
The Cedars


HIGHLIGHTS

  • Value Add
  • Land Cover Play

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

8

PRICE/UNIT

$124,375

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,500 SF

ZONING

MF2

APN/PARCEL ID

00000141223000000

ASK ABOUT THIS PROPERTY

Matteo Faeth, CCIMDallas Property AdvisorsMore Info
469-554-0430

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Matteo Faeth, CCIMDallas Property AdvisorsMore Info
469-554-0430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.