1224 SW 11th Ave
Multifamily | 4 Units
Marketing description
Investor opportunity in the heart of Amarillo. 1224 SW 11th Ave is a well-maintained fourplex offering immediate cash flow with all four units currently leased. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, creating strong rental appeal and flexibility for a variety of tenants. A new roof was installed in 2018, and the property has been kept in solid overall condition. With mostly cosmetic improvements needed, this is a prime value-add opportunity for investors looking to increase equity and rental potential without taking on major renovations. Conveniently located just minutes from downtown Amarillo, this income-producing property sits in a high-demand rental area with long-term upside.
Investment highlights
Well-maintained fourplex offering immediate cash flow with two units currently leased and two vacant — ready for an investor to fill and stabilize
Diverse unit mix — two 2-bed/1-bath units (A & C) and two 1-bed/1-bath units (B & D) appeals to a wide range of renters
Current gross rent roll: $3,100/month — with both vacant units filled at asking rents, full potential hits $3,100/month
Pet-friendly policy in place — Unit B carries a $25/month pet fee, a small but meaningful income add-on
Owner pays water; tenants pay gas and electric — low utility exposure for the owner
New roof installed in 2018 — major capital expense already behind you
Mostly cosmetic improvements needed — value-add upside without heavy renovation risk
3,752 sq ft at $81.29/sq ft — solid price per foot for a multifamily asset in this market
Built in 1954, frame construction — proven durability with character
Minutes from downtown Amarillo in the Bivins area — high-demand rental corridor with strong long-term occupancy trends
Priced at $305,000 — attainable entry point for a cash-flowing fourplex in a growing Texas market
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