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Lofton Place 1601 Eastchase Pky 258 Unit Apartment Building For Sale Fort Worth, TX 76120
INVESTMENT HIGHLIGHTS
- Significant Value-Add Upside: Current occupancy of 20.54% provides a rare opportunity to stabilize a 258-unit asset
- High-Visibility Eastchase Location: Positioned along a busy retail corridor anchored by Walmart, Sam’s Club, and Lowe’s
- Clear Path to NOI Growth: Stabilization, rent increases, and operational improvements create a compelling opportunity to lift NOI
- Rent Growth Opportunity: Vintage peers average ~$1,100 rents, with newer assets achieving higher rent
- Excellent Regional Connectivity: Immediate access to Interstate 30 links residents to major employment hubs
- Attractive Basis vs. Replacement Cost: Acquisition at a substantially lower cost than new construction
EXECUTIVE SUMMARY
Lofton Place (the “Property”) is a 258-unit multifamily community located at 1601 Eastchase Parkway in Fort Worth, Texas, one of the Metroplex’s most accessible and rapidly evolving suburban corridors. Built in 1984, the property features classic brick and wood-siding construction with pitched roofs and offers a desirable mix of one- and two-bedroom floorplans averaging 787 square feet. A court-appointed receiver took over the Property in September of 2025.
Amenities include two swimming pools, an outdoor kitchen with grill stations, a playground, tennis court, business center, and multiple laundry facilities, providing an attractive foundation for both resident satisfaction and future enhancements. Lofton Place is currently 20.54% occupied, offering investors an exceptionally rare opportunity to stabilize and reposition a large asset in a high-demand submarket.
Lofton Place presents one of the most compelling value-add opportunities in Fort Worth. Its low current occupancy, paired with strong surrounding multifamily performance, creates a unique entry point for investors seeking substantial upside.
Amenities include two swimming pools, an outdoor kitchen with grill stations, a playground, tennis court, business center, and multiple laundry facilities, providing an attractive foundation for both resident satisfaction and future enhancements. Lofton Place is currently 20.54% occupied, offering investors an exceptionally rare opportunity to stabilize and reposition a large asset in a high-demand submarket.
Lofton Place presents one of the most compelling value-add opportunities in Fort Worth. Its low current occupancy, paired with strong surrounding multifamily performance, creates a unique entry point for investors seeking substantial upside.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.92 AC |
| No. Units | 258 | Building Size | 203,124 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2016 |
| Building Class | B | Parking Ratio | 2.54/1,000 SF |
| Zoning | C | ||
| Sale Type | Investment |
| No. Units | 258 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.92 AC |
| Building Size | 203,124 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2016 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Ceiling Fans
- Hardwood Floors
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Walk-In Closets
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Spa
- Tennis Court
- Gated
- Basketball Court
- Grill
- Laundry Service
- Pet Play Area
- Volleyball Court
- Wi-Fi
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PROPERTY TAXES
| Parcel Number | 05666260 | Improvements Assessment | $22,787,598 |
| Land Assessment | $1,512,402 | Total Assessment | $24,300,000 |
PROPERTY TAXES
Parcel Number
05666260
Land Assessment
$1,512,402
Improvements Assessment
$22,787,598
Total Assessment
$24,300,000
CONTACTS
-
Claire Schmeltekopf -
Mart Martindale -
Ian Coutts -
Wilson Stafford -
EDGE Realty Capital Markets
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Lofton Place | 1601 Eastchase Pky
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