For Sale

$1,095,000

1911 S Madison St, Amarillo, TX 79109

-Bed
0Bath
-SqFt

-Bed
0Bath
-SqFt

Property Type
Condo
Year Built
2020
On highrises
18 Days

Property Details

Presenting a prime investment opportunity in Amarillo, TX, this multifamily property boasts a 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.

Property Features

Bathrooms

Total Bathrooms: 0

Appliances

Washer/Dryer
Refrigerator
Range
Microwave
Dishwasher

Heating and Cooling

Cooling Features: Electric, Central Air

Land Info

Lot Size Acres: 0.42
Lot Size Square Feet: 18294

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

Rental Info

Gross Income: 167857

Other Property Info

Source Listing Status: Active
County: Potter
Directions: Facing Interstate 40 one block east of Washington
Source Property Type: MultiFamily
Area: 0200 - Oliver Eakle/AC
MLS Area Minor: 0200 - Oliver Eakle/AC
Source Neighborhood: 0200 - Oliver Eakle/AC
Zoning: 0200 - SW Amarillo in Cit
Zoning Description: 0200 - SW Amarillo in City Limits
Property Subtype: Multi-Family
Source System Name: C2C

Commercial Info

Net Operating Income: 84904

Building and Construction

Year Built: 2020
Building Exterior Type: Siding, Brick Veneer
Construction Materials: Siding, Brick Veneer
Living Area Source: Appraisal District
Property Age: 4
Roof: Composition

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
09/30/2024	Listed	$1,095,000	-	Amarillo
01/15/2024	Listed for rent	$2,250	-	Amarillo
10/02/2020	Sold	-	-	Public Record
09/02/2016	Sold	-	-	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$6,894	$11,409	+	$307,240	=	$318,649
2022	$7,134	$11,409	+	$289,506	=	$300,915
2021	$4,065	$11,409	+	$147,335	=	$158,744
2020	$1,789	$11,409	+	$60,733	=	$72,142
2019	$1,683	$11,409	+	$56,022	=	$67,431
2018	$1,691	$11,409	+	$56,022	=	$67,431
2017	$1,644	$11,409	+	$56,022	=	$67,431

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
7001 Hurst St	$280K	4	3	1464	1464
7013 Hurst St	$189.9K	2	2	1700	1700
2028 S Austin St Apt 703	$115K	1	1	698	698
5834 Campus Dr	$225K	3	2	1656	4356
4429 Tiffani Dr	$240K	3	2	1984	1984
15 Memory Pl	$158K	2	2	1400	1400

Presented by:
Josh Langham
state license#0664099

Brokered by:
Llano Realty, LLC
(806) 392-9912

Broker Location:

AMARILLO

Data Source:

Amarillo

Source's Property ID:

24-8248

Data Source Copyright:

$1,095,000

1911 S Madison St, Amarillo, TX 79109