Palo Duro Portfolio

203 NW 15th Ave, Amarillo, TX 79107

  • For Sale Contact for Pricing
  • Property Type Multi-Family
  • Property Size 44,880 SF
  • Units 68
  • Lot Size 0.23 Acre
  • Additional Rent Contact for pricing
  • Year Built 1953
  • Date Updated Dec 10, 2024
Located in North Amarillo, this property is situated north of the downtown core and encompasses several neighborhoods and districts. It's bordered roughly by Interstate 40 to the south, extending northward to the city limits. Key areas within this zone include neighborhoods like North Heights, San Jacinto, and Eastridge. Several large employers include Northwest Texas Healthcare System, BSA, Pantex Plant, and Tyson Foods.The Go-Getters Multifamily Team is pleased to announce the exclusive listing of the Palo Duro Portfolio. This package deal includes 34 duplexes (68 units). Each of the 68 units is 660 square feet and has 2 - beds / 1 - bath. This property consists of a large HUD/PCS tenant portion for this property and it is well set up for that type of tenant. With average rents at $863 and current HUD rate at $1079, this allows new ownership to bring rents up to market rate.
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Attachments

Highlights

  • Rents are $216 below market rents. The 2 bed HUD rate is 1079/month.
  • Seller Financing Available.
  • 7.7% Cash on Cash return Year 1 .

Contacts

broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial

Location

Getting Around

  • Walk Score ®

    33/100 Car-Dependent

  • Transit Score ®

    28/100 Some Transit

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Amarillo, TX
  • Neighborhood Downtown Amarillo
  • Zip Code 79107
  • Market Amarillo

Points of Interest

  • Valero

    0.54 miles

  • Toot'n Totum

    1.20 miles

  • United Express

    1.34 miles

  • J-N-B Quicki Shop

    2.06 miles

  • Tesla Supercharger

    2.45 miles

  • Tesla Destination Charger - Best Western Plus Medical Center

    5.52 miles

  • 601 S Polk

    1.52 miles

  • 603-607 S Polk Parking

    1.53 miles

  • City of Amarillo Parking Garage

    1.59 miles

  • Courtyard Aux Parking

    1.60 miles

  • First National Bank Building Parking

    1.60 miles

  • Amarillo Tower Aux Parking

    1.60 miles

  • Courtyard Parking Garage

    1.62 miles

  • WTAMU Parking

    1.62 miles

  • Petroleum Building Parking

    1.68 miles

  • Town House Motel

    0.50 miles

  • Deluxe Inn

    0.58 miles

  • Star Lodge

    0.65 miles

  • The Barfield, Autograph Collection

    1.52 miles

  • Embassy Suites by Hilton Amarillo Downtown

    1.53 miles

  • Courtyard Amarillo Downtown

    1.64 miles

  • Cactus Motel

    1.93 miles

  • Wagon Wheel Motel

    2.39 miles

  • Sundown Motel

    2.41 miles

  • Cowboy Motel

    2.44 miles

  • Sweet's Wings-N-Thangs

    0.24 miles

  • Fat Cat Freddie's Fish & Grill

    0.24 miles

  • Hacienda Meche

    0.43 miles

  • Church's Chicken

    0.57 miles

  • Chiyo's

    0.57 miles

  • Taco Bell

    0.61 miles

  • KFC

    0.61 miles

  • Burger King

    0.62 miles

  • Quattro's

    0.63 miles

  • Delvin's Restaurant & Catering

    0.63 miles

  • Park Hills Elementary School

    0.17 miles

  • Palo Duro High School

    0.70 miles

  • Allen 6th Grade Campus

    0.83 miles

  • Mann Middle School

    0.88 miles

  • North Heights Alternative School

    0.89 miles

  • Hilltop School

    0.99 miles

  • Hamlet Elementary School

    1.10 miles

  • Rogers Elementary School

    1.10 miles

  • Carver Elementary Academy

    1.15 miles

  • Harrington Academic Hall WTAMU

    1.62 miles

  • Children's Circle of Friends

    3.96 miles

  • Night & Day, Care & Play

    4.49 miles

  • Imagination Station

    8.04 miles

  • Unique Individuals

    8.36 miles

Frequently Asked Questions

How much does Palo Duro Portfolio cost?

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

What is the total square footage of Palo Duro Portfolio?

Palo Duro Portfolio totals 44,880 square feet.

When was this property built?

Palo Duro Portfolio was built in 1953.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial