1911 S Madison St - Apartments FOR SALE


Amarillo, TX 79109
$1,095,000 USD
806-236-3736
1911 S Madison St, Amarillo, TX for Sale
$1,095,000 USD
Apartments - FOR SALE
1/10
null | 7.75% Cap Rate

1911 S Madison St
Amarillo, TX 79109


OVERVIEW

Presenting a prime investment opportunity in Amarillo, TX, this multifamily property boasts a 4,440 SF building with six units, all constructed in 2020. Zoned as Multi Family - 2, this turnkey asset is currently operating as short-term rentals but has several long-term leases previously. The modern construction and only being 4 years old make this property an enticing prospect for multifamily and low-rise/garden investors seeking a lucrative addition to their portfolio. With its prime location and strong rental history, this property sets the stage for a seamless and profitable investment in the Amarillo market.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

6

PRICE/UNIT

$182,500

CAP RATE

7.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,405 SF

ZONING

MF

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh LanghamLlano RealtyMore Info
806-236-3736

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Josh LanghamLlano RealtyMore Info
806-236-3736

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