701 Valencia DrAmarillo, TX 79118

Property Details for 701 Valencia Dr

Year built

2000

Lot size

1.47 AC

Property size (Sq ft)

5,036 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity in Amarillo, Texas, presents four individual single-family homes situated on a spacious 1.47-acre lot. The property, located at 701 W Valencia Dr, boasts a total square footage of 5,036, with each unit offering approximately 1,259 square feet of living space. All four homes are all-brick constructions, featuring three bedrooms and two bathrooms each. Built in 2000, the property benefits from recent upgrades, including new roofs installed in 2020 and new HVAC systems in 2022, ensuring long-term efficiency and reduced maintenance costs. Currently, each unit is leased at a below-market rate of $950 per month, generating a total monthly income of $3,800. This presents a significant opportunity for immediate cash flow and future rental income growth by increasing rents to market value. The property's prime location in Amarillo, within Randall County, and its substantial lot size offer considerable potential for future development or expansion. This is a turnkey investment ideal for both seasoned and first-time investors seeking a strong return on investment in a stable Texas market. The asking price for this exceptional property is $590,000. Zip code: 79118.

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.0945

Longitude

-101.846

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