1911 Madison St Amarillo, TX 79109

This exceptional investment opportunity presents a six-unit apartment building located at 1911 S Madison St, Amarillo, Texas, 79109, in Potter County. The property, built in 2020, boasts 4,440 square feet of net rentable space, spread across a single-story building on an 11,409 square foot lot. Currently operating at 100% occupancy (since January 1, 2021), this Class A multifamily property offers a stabilized investment with a strong NOI of $84,904 and a compelling 7.75% cap rate. The asking price is $1,095,000, translating to $246.62 per square foot and $182,500 per unit. The property is zoned MF and features two parking spaces per unit. Its prime location adjacent to Interstate 40 in Amarillo makes it highly attractive to investors. The building's modern construction and recent history of both short-term and long-term rentals contribute to its strong performance and potential for continued growth. This fee-simple ownership offers a turnkey solution for investors seeking a lucrative addition to their portfolio in a thriving Texas market. The APN is 218342.