2718 CLEVELAND STREET, DALLAS, TX 75215

Homes for sale in Dallas.

Homes for sale in 75215.


Active

List Price$995,000

2718 Cleveland Street

Dallas, TX 75215

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21169358

8,000

Square Feet

8

Number of Units

Multi-Unit Residential

Type

About This Property

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

Location Information

County

Dallas

Subdivision

D L Richardsons

Interior Features

Interior

Other

Floors

Laminate, Tile

Has Fireplace

No

Appliances

Electric Range, Microwave, Refrigerator

Heating

Central

Total Number of Units

8

Cooling

Central Air, Window Unit(s)

Exterior Features

Stories

2

Lot Size in Acres

0.287

Construction

Stucco

Lot Size in Sq. Ft.

12,501

Foundation

Pillar/Post/Pier

Lot Dimensions

100x125

Roof

Flat

Buildings

1

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

8,000

Parking Description

Common

Is One Story

No

Pool Description

None

Lot Description

Interior Lot

Lot Description

Interior Lot

School

Elementary School District

Dallas ISD

Jr. High School

Dade

Elementary School

Dunbar

High School

Madison

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

RI

Has a Home Owners Association

No

Property SubType

Apartment

Tax Annual Amount

20674.0

Year Built

1961

Lot Acres Source

Assessor

Similar Listings

Mortgage Calculator

$4,646

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,585

Monthly Tax

$829

Monthly Insurance

$232

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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