J. Gaut & Associates
Commercial Real Estate
FOR SALE
 

4240 - 4352 Austin
Amarillo, TX

  

INVESTMENT HIGHLIGHTS

PURCHASE PRICE:

PRICE PER UNIT:

$1,950,000.00

$67,241.38
PROPERTY SUMMARY
NUMBER OF UNITS: 29
NET RENTABLE SF: 36,250
PHASE 2 - YEAR BUILT 1983
ROOF: Pitched
LAND SIZE: 2.459 acres
INVESTMENT INFORMATION
Loan Amount: $1,560,000.00
Down PAyment: $390,000.00
Interest Rate: 8.00%
Amortization: 30-year
Loan Payments: $137,361.00
Cash on Cash: 9%
NOI: $173986.00
Map Aerial View Printable Flyer    
PROPERTY DETAILS
PROPERTY DESCRIPTION:  
Austin Townhomes 4240-4352 Austin, Amarillo, TX consists of 29 units. Executive 2 and three bedroom, two story townhomes with fireplaces, ceiling fans, fully applianced kitchens with pantry, and full size washer/dryer hook-ups. The two story, 29 unit, (2) building complex is a combination of brick veneer and wood siding. Private backyards and single car garages. Units can easily be purchased and sold as individual houses.
OCCUPANCY: 95% occupied  
   
AMENTIES:  
Interior includes gas range/ovens with vent hoods, frost free refrigerators, dishwashers, double sinks, and garbage disposals.

 

  
UTILITIES: Tenant pays utilities  

This Property is represented by:
Cathy Derr, CCIM
This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to measurements are approximate. Buyer must verify the information and bears all risks for inaccuracies.
4211 I-40 West, Suite 204
Amarillo, Texas 79106
 806-373-3111