DR Amarillo Portfolio

1613 S Polk Street, Amarillo, TX 79102

  • For Sale Contact for pricing
  • Property Type Other
  • Units 176
  • Additional Rent Contact for pricing
  • Date Updated Dec 18, 2024

GREA is pleased to announce the exclusive listing of the DR Portfolio. Comprising a total of 176-units spanning 8 garden-style properties, this portfolio totals 5 acres of well-maintained apartments. Nestled in prime locations within Canyon (6 complex’s) and Amarillo (2 complex’s), each property within this portfolio offers a blend of historical charm and modern convenience. Dating from 1926 to 1980, these properties have been thoughtfully maintained to ensure a superior living experience for residents featuring an array of one and two-bedroom units with vinyl plank hardwood flooring, complemented by either sleek black or pristine white appliances. Additionally, select units offer the convenience of washer and dryer hookups, while all units are fully equipped kitchens complete with Electric Ranges/Ovens.

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Highlights

  • 20+ year ownership; keeping rents low and occupancy high while also taking care of large capex items
  • Since the operational approach was to pay down debt and keep the properties full for the ease of management, rents are below market
  • Amarillo is ranked the second fastest growing mid- sized city and boasted the lowest unemployment level in the state of Texas in 2022.
  • New ownership can expect the local economy to be robust and the property to thrive in this recession-resistant environment.
  • The portfolio is offered at an extremely attractive cap rate with positive leverage opportunites. The basis, with value creation via moving rents to market and adding car ports, offers an opportunity to stabilize much higher.
  • The Seller would consider seller financing on offers with aggressive pricing and terms.

Contacts

broker
Ryan Quaid

GREA

broker
Sean Scott

GREA

broker
Zack Del Medico

GREA

Location

Getting Around

  • Walk Score ®

    2/100 Car-Dependent

  • Bike Score ®

    25/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Amarillo, TX
  • Neighborhood Canadian River Breaks
  • Zip Code 79102
  • Market Amarillo

Points of Interest

  • Phillips 66

    2.58 miles

  • Love's

    2.90 miles

  • Valero

    3.12 miles

  • Walmart

    3.16 miles

  • Toot'n Totum

    3.61 miles

  • Conoco

    3.99 miles

  • Tesla Destination Charger - Best Western Plus Medical Center

    7.16 miles

  • Tesla Supercharger

    7.19 miles

  • paddock

    2.44 miles

  • 220 SW 10th Ave

    7.01 miles

  • 913 S Harrison St

    7.02 miles

  • 909 S Harrison St

    7.03 miles

  • 910 S Van Buren St

    7.03 miles

  • Santa Fe Building Parking

    7.04 miles

  • 905 S Harrison St

    7.05 miles

  • 904 S Van Buren St

    7.05 miles

  • 901 S Harrison St

    7.06 miles

  • 900 S Van Buren St

    7.06 miles

  • Comfort Suites

    2.88 miles

  • Motel 6

    2.93 miles

  • Holiday Inn Express & Suites

    3.14 miles

  • Traveler Motel

    4.37 miles

  • Amarillo Motel

    4.79 miles

  • Candlewood Suites Amarillo-Western Crossing

    5.95 miles

  • Staybridge Suites Amarillo-Western Crossing

    5.97 miles

  • Super 8 by Wyndham Amarillo West

    6.04 miles

  • Travelodge Amarillo West

    6.07 miles

  • Baymont Inn & Suites Amarillo West

    6.07 miles

  • Lone Star Bar & Grill

    1.85 miles

  • Wendy's

    2.69 miles

  • Whataburger

    2.72 miles

  • Taco Bell

    2.80 miles

  • Waffle House

    2.81 miles

  • Spicy Mike's Bar-B-Q Haven

    2.81 miles

  • McDonald's

    2.85 miles

  • Popeyes

    3.11 miles

  • Sonic

    3.23 miles

  • Subway

    3.26 miles

  • Pinnacle Intermediate School

    1.64 miles

  • Sundown Lane Elementary School

    1.66 miles

  • City View Elementary School

    1.92 miles

  • Gene Howe Elementary School

    2.29 miles

  • Randall High School

    2.32 miles

  • Arden Road Elementary School

    3.62 miles

  • West Plains Jr High School

    3.63 miles

  • South Georgia Elementary School

    3.65 miles

  • South Lawn School

    3.80 miles

  • Fannin Middle School

    3.91 miles

  • Imagination Station

    2.93 miles

  • Unique Individuals

    3.85 miles

  • Night & Day, Care & Play

    4.67 miles

  • Children's Circle of Friends

    4.93 miles

Frequently Asked Questions

How much does DR Amarillo Portfolio cost?

The sale price for DR Amarillo Portfolio is available upon request. Contact the listing broker for more information.

What is the total square footage of DR Amarillo Portfolio?

DR Amarillo Portfolio totals 111,765 square feet.

Looking for more in-depth information on this property?

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Contact DR Amarillo Portfolio