Hollywood Apartments
12 Units | Two-Story Building
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581| [email protected].
Introducing Hollywood Apartments, a prime investment opportunity located at 1601 S Buchanan St, Amarillo, TX 79102. This charming property features 12 fully renovated one-bedroom, one-bathroom units nestled in the heart of Amarillo. Hollywood Apartments have been impeccably managed, with rents raised to reflect the market rates while ensuring consistent collections. Boasting a solid foundation and classic brick construction, the property offers individual HVAC units and gas hot water systems. The 1926 building stands two stories tall on 0.17 acres of land, ensuring a cozy and efficient space for residents. With a vibrant local economy, Amarillo offers a median household income of $64,992 and a rising population. Hollywood Apartments present a lucrative opportunity for investors looking to capitalize on the city's growth and secure long-term rental demand. Book your appointment today to explore this exceptional asset firsthand!
· Non-Contingent
· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
· $10,000 Participation Deposit
1601 S Buchanan St, Amarillo, TX 79102
Investment highlights
- 12 One Bedroom, One Bathroom Apartments
- Hollywood is an Excellent Asset in the Heart of Amarillo
- Each Unit Has Been Remodeled and Stabilized Under the Current Ownership
- Current Management Has Done an Exemplary Job Increasing Rents to Market Levels While Maintaining Consistent Collections
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