214-545-6941
1601 Eastchase Pky, Fort Worth, TX for Sale
Apartments - FOR SALE
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1601 Eastchase Pky
Fort Worth, TX 76120
Outer East Fort Worth


HIGHLIGHTS

  • Significant Value-Add Upside: Current occupancy of 20.54% provides a rare opportunity to stabilize a 258-unit asset
  • Rent Growth Opportunity: Vintage peers average ~$1,100 rents, with newer assets achieving higher rent
  • High-Visibility Eastchase Location: Positioned along a busy retail corridor anchored by Walmart, Sam’s Club, and Lowe’s
  • Excellent Regional Connectivity: Immediate access to Interstate 30 links residents to major employment hubs
  • Clear Path to NOI Growth: Stabilization, rent increases, and operational improvements create a compelling opportunity to lift NOI
  • Attractive Basis vs. Replacement Cost: Acquisition at a substantially lower cost than new construction

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

258

CAP RATE

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% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofton Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

516

LAND DETAILS

LAND ACRES

9.92 AC

LAND SF

432,115 SF

ZONING

C

APN/PARCEL ID

05666260

ASK ABOUT THIS PROPERTY

Claire SchmeltekopfEDGE Realty Capital MarketsMore Info
214-545-6941

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Claire SchmeltekopfEDGE Realty Capital MarketsMore Info
214-545-6941

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.