2718 Cleveland St, Dallas, TX 75215

$995,000

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List Price: $995,000
MLS#: 21330836
Status: ACTIVE
Type: Condo
Subtype: ResidentialIncome
Year Built: 1961
Construction Status: Preowned
Acres: 0.29
County: Dallas
City: Dallas
Subdivision: D L Richardsons
Building Name: 2718 Cleveland

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Property Description

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.

214-207-3179 / 214-493-9103

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