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29543396
29543397

2718 Cleveland St, Dallas, TX 75215

MF
TX 619346
Dallas Property Advisors
Dallas Property Advisors
Listed by Dallas Property Advisors
$995,000
124 days on market
Updated 124 days ago

2718 Cleveland S

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,000
Net Rentable (SqFt) 8,000
Units 8
Cap Rate 6.76%
NOI $67,253
Occupancy 100%
Pro-Forma Cap Rate 9.12%
Pro-Forma NOI $90,742
Price per SqFt $124
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 1
Stories 2
Lot Size (SqFt) 12,500
Zoning MF2
Investment Type Value Add
Occupancy Date 02/03/2026
Ground Lease No

Multifamily | 8 Units | $124,375/unit

Marketing 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.

Investment highlights

Value Add

Cash Flow Postive

Land Cover Play

Listing Contacts

MF
TX 619346
Dallas Property Advisors
Dallas Property Advisors
Listed by Dallas Property Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,253.00
$5,604.42/mo

Valuation Metrics

0
DSCR
6.76%
Cap Rate
6.76%
ROI

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