0.29 Acres Lot
0.29 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision D L Richardsons
MLS Listing ID 21169358
HOA Y/N None
Total Fin. Sqft 8000
Year Built 1961
Annual Tax Amount $20,674
Lot Size 0.287 Acres
Acres 0.287
Lot Dimensions 100x125
Property Sub-Type Apartment
Property Description
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.
Location
State TX
County Dallas
Direction Head west on Al Lipscomb. Make a left on Cleveland. Property is on the left hand side.
Interior
Interior Features Other
Heating Central
Cooling Central Air, Window Unit(s)
Flooring Laminate, Tile
Appliance Electric Range, Microwave, Refrigerator
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Flat
Garage No
Building
Lot Description Interior Lot
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Stucco
Schools
Elementary Schools Dunbar
Middle Schools Dade
High Schools Madison
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21169358
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