1911 Madison Apartments

1911 Madison Street Amarillo, TX 79109

1911 Madison Street, Amarillo, TX, 79109
1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109 1911 Madison Street, Amarillo, TX, 79109
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,095,000
Last Verified:
Sep 24, 2024

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Highlights

  • - 4,440 SF building
  • - Six units
  • - Built in 2020
  • - Zoned Multi Family - 2
  • - Located in Amarillo
  • - 100% occupancy
  • - Modern construction
  • - Turnkey investment opportunity
  • - Strong rental history
  • - Prime location
  • - Lucrative addition to portfolio

Description

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.

Situated in the heart of Amarillo, this location is ideal for a short-term rental operation, offering convenient access to Interstate 40 and the bustling downtown area. Guests will enjoy easy access to downtown attractions, making it an attractive choice for those seeking a comfortable and accessible stay in this vibrant city.


Year Built: 2020
Building Size: 4440sq ft
Lot Size: 0.26 acres


Documents

Sale Brochure (L)

Map of 1911 Madison Street, Amarillo, TX, 79109

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.