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$ 305,000
Est. payment | /mo
3,752 SqFt
$ 305,000
Est. payment | /mo
3,752 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $81
MLS Listing ID 26-3777
Year Built 1954
Source Amarillo Association of REALTORS®
Property Description
Investor opportunity in the heart of Amarillo. 1224 SW 11th Ave is a well-maintained fourplex offering immediate cash flow with all four units currently leased. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, creating strong rental appeal and flexibility for a variety of tenants. A new roof was installed in 2018, and the property has been kept in solid overall condition. With mostly cosmetic improvements needed, this is a prime value-add opportunity for investors looking to increase equity and rental potential without taking on major renovations. Conveniently located just minutes from downtown Amarillo, this income-producing property sits in a high-demand rental area with long-term upside.
Location
State TX
County Potter
Area 0101 - Bivins
Zoning 0100 - NW Amarillo in City Limits
Direction N on Washington, W on 15th Ave, N on Lipscomb.
Interior
Cooling Electric, Central Air
Appliance Microwave, Disposal, Dishwasher, Cooktop
Exterior
Roof Type Composition
Building
Structure Type Frame
Listed Derek Manasco • Real Broker, LLC
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