Amherst
LaPaul Partners has been exclusively retained by the owner to market and arrange the sale of Amherst Apartment Homes. Constructed in 1987, Amherst is a 204-unit garden-style rental community located in the dynamic Dallas/Fort Worth suburb of Bedford, Texas. Well positioned in the center of the Metroplex, residents enjoy convenient access to the numerous employers and amenities of the area’s two larger cities. The quiet park-like setting, low building density, and abundance of green space create a wonderful atmosphere that resembles a single-family neighborhood. Originally financed with variable rate tax-exempt bonds, the project offers both market rate and affordable one and two bedroom apartment homes and an outstanding common area amenity package.
Amherst offers an investor a strong initial cash yield, the attractive advantages of tax-exempt bond financing, and significant potential for increases of annual cash flow through rental escalations as job growth and household formations continue within the area. Investment highlights include:
Investment Highlights
- Beautiful rental community located in highly desirable Bedford, Texas within the top rated Hurst-Euless-Bedford School District
- Prime, centralized Dallas/Fort Worth location that is 14 miles east of downtown Fort Worth & 23 miles west of the Dallas CBD
- Proximity to State Highway 183 and State Highway 121 providing convenient access to the entire D/FW CMSA
- Close to DFW Airport, the Metroplex’s largest employment center, & to many of the top employers throughout the region
- H-E-B submarket is supply-constrained with no current apartment construction, limited development sites, & high barriers to entry
- Proximate to an abundance of shopping, dining, and entertainment, including the nearby Northeast Mall, a 1.1 million s.f. regional mall
- Quiet park-like setting, low building density, & abundance of green space create a strong residential feel
- Well appointed one & two bedroom apartment homes with modern kitchens with ceramic tile floors & full size washer/dryer connections
- Existing variable rate, tax-exempt bond financing offers advantageous capital structure
Property Summary
Street Address
City, County, State, Zip
School District
Number of Units
Net Rentable Area
Average Unit Size
Year of Completion
Site Area
Indicated Density
Offering Summary
Features & Amenities
- Clubhouse with leasing office
- Fitness center with cardio & weight training equipment
- Two resort-style swimming pools with large sundecks
- Heated spa
- Picnic area with seating and gas grills
- Lighted carports available
- Full size washer/dryer connections in all homes
- Modern kitchens with ceramic tile floors
- Patios or balconies, most with outside storage closets
- Vaulted ceilings with circle top windows in top floor apartments
- Fireplaces with ceramic tile surrounds & mantles in most homes
- Built-in bookshelves & vanities seating areas in select floor plans
More Information
To obtain a complete offering memorandum, or you have any questions or need additional information, please contact LaPaul Partners, Exclusive Representative by calling the number below or by sending us a private message.