All of the 33 units have been updated with appliances, countertops, flooring, fixtures, paint, toilets and doors. There was a new roof installed in 2021, other major capital improvements include, HVAC replacement, water heaters, electrical and plumbing. Totaling more than$645, 000since 2021 in capital improvements. The new owner can implement RUBS on gas, water, trash and sewer to increase the NOI.
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The average household income in
Amarillo, TX
grew
from
$49,684
to
$51,198
in the past year. This data is an estimate based upon
75,048
households in
Amarillo, TX. The chart below presents how household income is distributed in
Amarillo, TX
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Amarillo, TX
compared to median property taxes around the country. The prevalent amount of property taxes in
Amarillo, TX
equals
$3k+
, which is
less
than the national average.