3002 Westhaven Dr - Apartments FOR SALE


Amarillo, TX 79109
$2,150,000 USD
806-358-7151
3002 Westhaven Dr, Amarillo, TX for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | 8.04% Cap Rate

3002 Westhaven Dr
Amarillo, TX 79109


HIGHLIGHTS

  • Great central location
  • Value add opportunity
  • $300,000 in Cap Ex since 2022

OVERVIEW

The Westhaven Duplexes are located just west of one of Amarillo’s main north/south thoroughfares off Interstate 40. The duplexes are less than one mile from the geographic center of the City of Amarillo. The properties are surrounded by other similar style rentals and residential homes. The majority of the units have been updated with vinyl wood flooring, new fixtures, new or resurfaced countertops, some units include washer and dryer connections. The new owner can continue with the remaining interior upgrades, install remaining washer and dryer hookups to be able to bring all units to market rents. There is room to increase the RUBS income on the property by adding trash, sewer and pest control to all tenants. The property is easily accessible to Interstate 40 and Interstate 27. Nearby businesses include Home Depot, Happy State Bank, First Bank Southwest, Market Street Grocery, Walgreens, Federal Express, Office Depot and numerous regional and national restaurants.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

27

PRICE/UNIT

$79,630

CAP RATE

8.04%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westhaven Duplex Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

R-086-1600-1850

ASK ABOUT THIS PROPERTY

Kirk ChudejFIMC Commercial RealtyMore Info
806-358-7151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kirk ChudejFIMC Commercial RealtyMore Info
806-358-7151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.