Looking for a deal that still cash flows with these interest rates, well here it is! This is over an 11% cap rate and has room to grow. Single story brick construction 13-unit apartment complex with some upgraded units, onsite laundry facility, current all bills paid. Gas and electric are separately metered so the new owner can have the tenant pay the utilities. Could add additional units.
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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.