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.
Details
Maps
Property Information
To Be Auctioned: No
Zone: 0100 - NW Amarillo in City Limits
Photos are Virtually Staged: No
Realtor.COM Type: Multi-Family
List Price Per Sq. Ft.: 0
Number of Stories: Two
Source of Sq Ft: Appraisal District
Current Price: $305,000
List Price: $305,000
Area: 0101 - Bivins
Status: Active
Year Built: 1954
Taxes and Legal Information
City: Amarillo
Legal: ELIZABETH ADDN, BLK 0003, S IRREG 75FT OF BLK
House #: 1224
Street Direction Pfx: SW
Street Name: 11TH
Street Sfx: Avenue
State/Province: TX
Postal Code: 79101
County: Potter
Listing Info
L/A Supervisor Name: Michael Yarrito
Supervisor's Phone #: 2142027615
L/A Supervisor License Number: 0491108
Directions: N on Washington, W on 15th Ave, N on Lipscomb.
