2035 Paramount Blvd - Apartments FOR SALE


Amarillo, TX 79109
$1,200,000 USD
806-367-3357
2035 Paramount Blvd, Amarillo, TX for Sale
$1,200,000 USD
Apartments - FOR SALE
1/25
null | 9.73% Cap Rate

2035 Paramount Blvd
Amarillo, TX 79109


OVERVIEW

This 20-unit property is ideally situated in the heart of Amarillo, TX. This recently renovated building offers an exceptional investment opportunity in an excellent location. The property's flexibility allows for both short- and long-term rentals, with the potential for conversion into efficiency apartments, further expanding its appeal and versatility as a high-yield investment. Significant capital improvements have been made, including a newer roof, windows, 100% replacement of plumbing within & to the building, and new AC units in each room. Every unit has been completely gutted and redone, featuring extensive renovations such as new doors and frames, fresh paint and texture, updated bathrooms with new tubs, toilets, sinks, and vanities, as well as flooring throughout.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

20

PRICE/UNIT

$60,000

CAP RATE

9.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atrea Inn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

GR/LC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon Mark RobersonKW CommercialMore Info
806-367-3357

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Jon Mark RobersonKW CommercialMore Info
806-367-3357

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