Lender Owned 111 Unit Mix Use Apartment Community in Amarillo Texas
7 Minutes to Downtown Amarillo
Walk Score of 71

67,932 SF Leaseable Building on 4.245 Acres - Built in 1940
Five floor-plans with a unit mix of - (1) Studio, (65) 1+1, (5) 1+2, (5) 2+1 and (35) 2+2
Property consists of a Class B 7 story mid rise multi family apartment community
which was previously senior living with lots of amenities such as 2 chapels,
a fitness center, grocery store, a hair salon, dining hall, billiard room,
a library, laundry facility, courtyards and a coffee shop and comes
with secured gates with 34 audio capable cameras on the
property and carports and parking for over 80 cars.
The property received over $1.6M in renovations
in past 3 years with a new roof and elevators

roperty is currently about 70% occupied.
Monthly Income from 9/2024 at $55,000
Monthly Proforma Income $75,000
Property Appraised at $5.9M