

1008 11th Avenue Amarillo
Multifamily | 4 Units
Marketing description
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
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