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Property Description
The Westminster Apartments are a 97 unit apartment complex in Amarillo, Texas. The apartments are comprised of one bedroom, two bedroom, and three bedroom floorpans. Westminster had a dedicated clubhouse and office space to accommodate onsite management. Amenities include two dedicated laundry rooms, swimming pool, and a coffee bar for tenants.This stabilized property has been operated with excellent efficiency maintaining above average occupancy, and collections!
Highlights
Going in Cap Rate exceeds 7% on actuals
Chiller system is less than 3 years old
Major electrical upgrades completed in prior 12 months