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Dallas,TX 75217
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Pleasant Wood
MLS Listing ID 20868372
Bedrooms 30
Full Baths 25
HOA Y/N None
Total Fin. Sqft 17340
Year Built 1961
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Apartment
Property Description
Onyx Legacy Group is pleased to present Templecliff Apartments, a well-positioned multifamily asset in the heart of Dallas, Texas. This exceptional property offers an outstanding value-add opportunity for investors looking to acquire a stabilized asset with strong cash flow and significant upside potential. Built in 1961, Templecliff Apartments features 26 well-maintained units, providing a compelling combination of historical occupancy strength and room for revenue growth through strategic renovations and operational efficiencies.
Nestled in a thriving submarket, Templecliff Apartments benefits from proximity to major employment centers, retail destinations, and sought-after entertainment venues, making it an attractive choice for tenants seeking affordability and convenience. With the continued growth of the Dallas-Fort Worth metro area, this property presents a unique chance to capitalize on rising rental demand while implementing thoughtful enhancements to boost long-term investment returns.
The Dallas-Fort Worth metroplex continues to experience robust population growth, driving increased demand for quality rental housing. Recent economic developments, including major corporate relocations and infrastructure investments, have strengthened the local job market, attracting a diverse and expanding workforce. Large employers in the area include AT&T, Southwest Airlines, Bank of America, and the University of Texas Southwestern Medical Center, all contributing to a thriving business environment.
Templecliff Apartments' location provides investors with a prime opportunity to benefit from this sustained expansion and the region's strong rental market fundamentals. Additionally, the area's revitalization efforts and the planned mixed-use developments nearby are expected to further enhance property values and rental demand in the coming years.
Location
State TX
County Dallas
Direction GPS
Interior
Interior Features Other
Heating Central
Cooling Window Unit(s)
Flooring Vinyl
Appliance None
Heat Source Central
Exterior
Utilities Available City Sewer,City Water
Roof Type Flat
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Ireland
Middle Schools Hood
High Schools Samuell
School District Dallas Isd
Others
Ownership Tax
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20868372