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.
Listed by Mark Allen
·
Onyx Legacy Realty LLC
·
817-723-4274
Last updated April 23, 2025
·
Source: NTREIS #20868372
Listing Facts
TypeMulti-family
NeighborhoodPiedmont
Bedrooms30
Bathrooms25
Days on Prevu182
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
04/23/2025
Price Decreased
$2,900,000
03/08/2025
Listed by Onyx Legacy Realty LLC
$3,200,000
Property Details for 1234 Templecliff
Exterior
Construction
Number Of Units Total: 26
Roof: Flat
Year Built: 1961
Year Built Details: Preowned
Construction Materials: Brick
Measurements
Building Area Total: 17,340
Lot Size Acres: 1.20
Lot Size Area: 1
Lot Size Square Feet: 52,272
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 6244000004003006244000
Interior
Features
Flooring: Vinyl
Interior Features: Other
Rooms
Bathrooms Full: 25
Bathrooms Total Integer: 25
Bedrooms Total: 30
Other
Features
Accessibility Features: Accessible Entrance
Location
Subdivision Name: Pleasant Wood
Parking
Parking
Parking Features: Asphalt, Assigned, Electric Gate
Schools
Elementary School
Elementary School: Ireland
Utilities
Equipment
Cooling: Window Unit(s)
Heating: Central
Utilities: City Sewer, City Water
Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.