For Sale
$3,100,000

10109 River RdAmarillo, TX 79108

33-Unit Rental Portfolio, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Amarillo, Texas investment opportunity presents a portfolio of 22 single-family homes totaling 33 rental units. Located at 10109 River Rd, in Potter County, zip code 79108 (35.31439, -101.831644), this portfolio boasts a strong 95% occupancy rate and a compelling 8% capitalization rate. The asking price is $3,100,000, translating to approximately $93,939 per unit. This represents a significant monthly income stream of $30,679. The property is classified as multifamily and is ideal for investors seeking diversification or a substantial cash flow. The seller is open to selling individual properties within the portfolio, offering flexibility for potential buyers. This turnkey investment is ready for immediate income generation and presents a rare opportunity in the Amarillo market. The portfolio's strong performance metrics and the seller's willingness to consider individual property sales make this an attractive proposition for both large and smaller-scale investors. Don't miss this chance to acquire a well-established and profitable rental portfolio in a growing Texas market.

Highlights

  • $3,100,000 asking price for a 33-unit multifamily portfolio.
  • 8.00% cap rate.
  • 95% occupancy.
  • 33 single-family rental units.
  • $93,939 per unit price.

Property Details for 10109 River Rd

Property type
Residential income homes
Units
33

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.31439
Longitude
-101.831644
10109 River Rd, Amarillo, Texas

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10109 River Rd
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