Diamond Loch Apts

Diamond Loch Apts

North Richland Hills, TX

Diamond Loch Apartments is a 138-unit Class B property located in the expanding Dallas-Fort Worth MSA. Dallas has one of the highest job growth rates in the country. The asset is tucked between the Iron Horse Golf Course and the Diamond Oaks Country Club.

Property Description

Built in 1978, Diamond Loch is a 138-unit Class B property. The property offers spacious one, two, and three-bedroom apartment homes featuring large walk-in closets, kitchen pantries, washer and dryer connections and an enjoyable outdoor living space with the pet friendly terrain, resort style swimming pool, and propane gas grill. Diamond Loch is well positioned with nearby amenities including retail shops, a shopping mall and a large elementary school. At purchase, occupancy was below market creating the opportunity to capitalize on decreasing vacancy, higher rents, and implementing a value-add program. The rapid growth taking place in the local area will continue to drive revenue growth and property values. Market analysis has demonstrated that rents can be increased by at least $75 per unit.

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