Palo Duro Portfolio

For Sale

203 NW 15th Ave, Amarillo, TX 79107

This Amarillo property for sale is located at 203 NW 15th Ave. Contact the listing broker for details on the current sale price for Palo Duro Portfolio. Palo Duro Portfolio is situated on a lot that is 0.23 acre in size.

Contacts

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 44,880 SF
  • Units 68
  • Lot Size 0.23 Acre
  • Additional Rent Contact for pricing
  • Year Built 1953
  • Date Updated Oct 25, 2024
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.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.

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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 .

Attachments

Getting around

  • 33/100

    Walk Score ®

  • 28/100

    Transit Score ®

  • 40/100

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Location

  • City Amarillo, TX
  • Neighborhood Downtown Amarillo
  • Zip Code 79107
  • Market Amarillo

Points of Interest

  • Valero

    0.54 miles

  • Toot'n Totum

    1.20 miles

  • United Express

    1.34 miles

  • J-N-B Quicki Shop

    2.06 miles

  • Tesla Supercharger

    2.45 miles

  • Tesla Destination Charger - Best Western Plus Medical Center

    5.52 miles

  • 601 S Polk

    1.52 miles

  • 603-607 S Polk Parking

    1.53 miles

  • City of Amarillo Parking Garage

    1.59 miles

  • Courtyard Aux Parking

    1.60 miles

  • First National Bank Building Parking

    1.60 miles

  • Amarillo Tower Aux Parking

    1.60 miles

  • Courtyard Parking Garage

    1.62 miles

  • WTAMU Parking

    1.62 miles

  • Petroleum Building Parking

    1.68 miles

  • Town House Motel

    0.50 miles

  • Deluxe Inn

    0.58 miles

  • Star Lodge

    0.65 miles

  • The Barfield, Autograph Collection

    1.52 miles

  • Embassy Suites by Hilton Amarillo Downtown

    1.53 miles

  • Courtyard Amarillo Downtown

    1.64 miles

  • Cactus Motel

    1.93 miles

  • Wagon Wheel Motel

    2.39 miles

  • Sundown Motel

    2.41 miles

  • Cowboy Motel

    2.44 miles

  • La Super Economica

    0.50 miles

  • United Supermarkets

    1.24 miles

  • Kress

    1.59 miles

  • Family Discount Store

    2.19 miles

  • Jubba Grocery International Food

    2.27 miles

  • Super Mercado Los Olivos

    2.49 miles

  • Amarillo International Food Market

    2.88 miles

  • Amigos

    3.37 miles

  • Bealls

    3.41 miles

  • Big Lots

    3.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial