ATTRACTIVE ASSUMABLE DEBT — FIXED 3.57% RATE
The Property offers an assumable Freddie Mac loan at a favorable
3.57% fixed interest rate with approximately 39 months of fixed-rate term
remaining, after which the loan transitions to a floating rate.
The current balance is just south of $5.5 million. This is a rare
opportunity to capitalize on an extraordinarily cheap debt, resulting in
stronger cash flows.
LIMITED MARKET COMPETITION — STRONG RENT &
OCCUPANCY STABILITY
Positioned in North Amarillo, Cross Timbers has little competition
compared to the other submarkets across the city. Cross Timbers should
benefit from this supply constraint with strong occupancy, retention, and
rental rates.
OPTIMAL UNIT MIX —LARGER FLOOR PLANS DRIVE REVENUE
With a well-balanced unit mix of 32 one-bedroom units, 80 two-bedroom
units, and 24 three-bedroom units, Cross Timbers caters to a broad
tenant base, including families and professionals seeking more space.
Larger units and bedroom counts not only command premium rent but
also contribute to longer lease durations and reduced turnover costs,
ensuring sustained operational efficiency.