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12477545
12477544

1008 11th Avenue, Amarillo, TX 79101

DM
TX 783733
MPACT REAL ESTATE TEAM
Listed by MPACT REAL ESTATE TEAM
$350,000
1001 days on market
Updated 9 days ago

1008 11th Avenue Amarillo

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,502
Units 4
Price per SqFt $78
Class B
Year Built 1927
Zoning 2000 - SW of Amarillo Cit

Multifamily | 4 Units

Marketing description

Great investment opportunity located just minutes from the revamped and lively downtown area. a short 3 minute drive to I-40 for commuting and within 15 minutes of Amarillo International Airport. 1008 SW 11th includes a new bathroom sink & vanity in unit A. B & C have new carpet, texture, & paint. New ceiling fans & closet lights. New front door locks.

Investment highlights

Four-unit income property priced at $305,000 — diverse unit mix with three units currently occupied and one vacant

Current rent roll: $3,300/month — with Unit C filled at $850, full potential reaches $3,300/month

Upside already in motion — Unit A tenant in discussions to sign at $1,050/month, pushing gross potential to $3,400/month

Unique unit configuration — front house (3bed/1bath), back bottom (1bed/1bath), back top (2bed/1bath), and an efficiency unit attached to Unit A, offering flexibility for a range of tenant profiles

Units A & D share one water line — owner pays water on that connection; all other tenants pay gas and electric, limiting owner utility exposure

Value-add lease opportunity — Unit B currently owner-pays water; new lease in negotiation to shift all utilities to tenant, improving NOI

0.4 acres in the Bivins area — established NW Amarillo neighborhood with strong rental demand

Minutes from revitalized downtown Amarillo — local dining, entertainment, and ongoing development driving area desirability

Quick I-40 access — commuter-friendly location broadens the tenant pool

Near Amarillo International Airport — adds appeal for travel-industry and logistics workers

Built in 1918, frame construction — character property with proven longevity

2,090 sq ft across four units — efficient footprint with strong per-unit income potential

Listing Contacts

DM
TX 783733
MPACT REAL ESTATE TEAM
Listed by MPACT REAL ESTATE TEAM

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