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.
For sale
$2,900,000
1234 Templecliff Dr, Dallas, TX 75217
30beds
17,340sqft
Est.:
Multi Family, Apartment
Built in 1961
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
- 165 days
- on Zillow |
- 574 |
- 53 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 09:25am
Listed by:
Mark Allen 0589645,
Onyx Legacy Realty LLC 469-806-0639
Source: NTREIS,MLS#: 20868372
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 25
- Full bathrooms: 25
Heating
- Central
Cooling
- Window Unit(s)
Features
- Other
- Flooring: Vinyl
Interior area
- Total structure area: 17,340
- Total interior livable area: 17,340 sqft
Video & virtual tour
Property
Parking
- Total spaces: 53
- Parking features: Assigned, Asphalt, Electric Gate
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1.2 Acres
Details
- Parcel number: 6244000004003006244000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Pleasant Wood
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $167/sqft
- Date on market: 3/11/2025
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