Palo Duro Portfolio
203 NW 15th Ave
Amarillo, TX 79107
Highlights
- Rents are $216 below market rents. The 2 bed HUD rate is 1079/month.
- Seller Financing Available.
- 7.7% Cash on Cash return Year 1 .
Description
The Go-Getters Multifamily Team is pleased to announce the exclusive listing of the Palo Duro Portfolio. This package deal includes 34 duplexes (68 units). Each of the 68 units is 660 square feet and has 2 - beds / 1 - bath. This property consists of a large HUD/PCS tenant portion for this property and it is well set up for that type of tenant. With average rents at $863 and current HUD rate at $1079, this allows new ownership to bring rents up to market rate.
Located in North Amarillo, this property is situated north of the downtown core and encompasses several neighborhoods and districts. It's bordered roughly by Interstate 40 to the south, extending northward to the city limits. Key areas within this zone include neighborhoods like North Heights, San Jacinto, and Eastridge. Several large employers include Northwest Texas Healthcare System, BSA, Pantex Plant, and Tyson Foods.
