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29528108
29528110

3602 E Amarillo Blvd, Amarillo, TX 79107

GP
10491210949
$1,350,000
122 days on market
Updated 122 days ago

Wagon Wheel Apartments

Details
Property Type Hospitality, Multifamily
Sub Type Motel
Cap Rate 13%
NOI $175,563

Hospitality | 13.00% CAP

Marketing description

The property will be delivered as a fully compliant multifamily building. At closing, it will include a fully code-compliant sprinkler system and be properly zoned by the town for multifamily use.

The seller can also introduce a DSCR lender willing to finance up to 75% of the purchase price. DSCR financing is based on the property’s income rather than the buyer’s personal income.

To qualify, the buyer must provide proof of funds of $350,000 and have a minimum credit score of 600.

Qualified buyers will be able to acquire a cash-flowing multifamily asset with institutional financing in place.


The prices we are selling it at are starting points, not limits. Bring your best offer and terms. We value certainty of a close, over squeezing every dollar.
This has potential to be a solid, cash flowing asset. We respect speed and win/win deals that make sense for everyone involved. If it works for you, make an offer and we’ll respond with a yes, no, or counter:


Diverse Unit Mix:

• 18 standard units – each functioning as an efficiency-style studio with bathrooms.

• 2 stand-alone cabins – each a spacious 2-bedroom, 1-bathroom home in the back of the property.

• 1 separate housekeeping unit that can be converted for tenancy.

• 1 Main Owner’s Residence: A 2-bedroom, 1-bathroom home located on-site, perfect for an owner/operator or property manager.

• 2 units for storage, laundry

Listing Contacts

GP
10491210949

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,563.00
$14,630.25/mo

Valuation Metrics

0
DSCR
13%
Cap Rate
13%
ROI

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