The Nine Apartments
The Nine Apartments - Amarillo, TX - Medical District, Class A - Multifamily Development Opportunity
Marketing description
The Nine Apartments provide an extravagant development plan that goes above and beyond the status quo. This gated community will ensure that tenants feel safe and secure in their new home. Each unit will have a private balcony for added space, comfort, and relaxation. 1 mile from 1600 Texas Tech University MED-STUDENTS!!! PERMITTED AND IS SHOVEL READY!
Amenities will include a nice furnished Club House, a golf simulator, tanning facility and access to the fully equipped 24-hour fitness center. Party and conference rooms will also be available for resident use. Please note that the pool was scrapped for added parking and lower annual maintenance.
The development includes 105 units, ranging from one bedroom units to larger 3 bedroom 2 bath units. Leasing options also available upon request.
The apartments will overlook the beautiful lakes and canyons surrounding Medi-Park. Take a stroll through scenic jogging trails or set up a picnic and watch the beautiful Amarillo sunset. Gather friends and family for nearby outdoor activities including hiking, biking, and fishing.
This location is ideal for medical professionals, as it is virtually within walking distance to over 1600 med-students at Texas Tech University Health Sciences Center at Amarillo, and the Texas Tech University School of Veterinary Medicine, BSA and Northwest Texas Hospitals, BSA Harrington Cancer Center, Amarillo VA Healthcare System, as well as countless healthcare centers, surgery centers, and physician’s offices. A 4th new hospital is currently under construction.
Restaurants, cantinas, and shopping centers are within a few miles from The Nine Apartments. Head South down Coulter St. to Westgate Mall, or head east towards the historic Route 66! Grab a burger from the famous Golden Light Cantina, Smokey Joe's or window shop through some of Amarillo's most popular shops.
Investment highlights
FINAL PERMIT HAS BEEN OBTAINED FROM CITY OF AMARILLO, TX. ALL ARCHITECHT WORK HAS BEEN COMPLETED AND APPROVED BY CITY. THIS SITE IS OFFICIALLY SHOVEL READY. $5M raise!
✅ Investment Highlights
- 105-unit Class A apartment project | Fully permitted | Shovel-ready
- HUD 221(d)(4) loan mid 5% rate, 40 yr assumable, fixed, non-recourse
- Located 1 mile from Texas Tech Medical School 1600 med students + 5 major hospitals
- Tier 1 investors receive 15% preferred return | Tier 2 at 12%
- Tier 1 investments collateralized with land, land appraised 2.39M
- Total project cost: $25M | Projected exit value: $37M+
- Strong demand: 250+ med student tenant inquiries pre-construction
- Premium rents via roommate model | Short-term rental/Airbnb upside
- Reg D 506(c) | Accredited Investors Only | 3–5 year exit
- Purchase AS IS or join partnership and build!
- Fermi America to build AI Hypergrid Campus in Amarillo! Up to 500B project.
- Amazon builds 2M ft facility near airport
This location is ideal for medical professionals, as it is virtually within walking distance to Texas Tech University Health Sciences Center at Amarillo, Texas Tech University School of Veterinary Medicine, BSA and Northwest Texas Hospitals, BSA Harrington Cancer Center, Amarillo VA Healthcare System, as well as countless healthcare centers, surgery centers, and physician’s offices.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
