405-408-6880
4205 SW 51st Ave, Amarillo, TX for Sale
Apartments - FOR SALE
1/5
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4205 SW 51st Ave
Amarillo, TX 79109


HIGHLIGHTS

  • Over 1.96MM in Capital Improvements
  • Clear Value-Add Path Via Upgrades
  • Offered Free and Clear of Existing Debt; Flexible Financing Supported
  • Strong Workforce Housing with Historically High Occupancy Submarket
  • Amenities And Location Support Resident Retention and Rent Growth

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors presents Veranda Gardens, a 112 unit garden-style multifamily community in the Amarillo, TX market. Veranda Gardens offers durable in-place operations and a clear path to value creation through targeted interior upgrades and operational optimization. The smaller scale and straightforward physical plant support efficient execution and flexible financing options tailored to today’s capital markets. Amarillo’s diverse employer base, constrained new supply, and accessible transportation network underpin stable occupancy and rent growth potential. Veranda Gardens’ community amenities and proximity to daily conveniences position the property to capture workforce demand and enhance resident retention with modest, high-ROI improvements.

FOR SALE DETAILS

PRICE

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# OF UNITS

112

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Veranda Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

162

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

GR

APN/PARCEL ID

R-086-3500-6170-0

ASK ABOUT THIS PROPERTY

405-408-6880

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405-408-6880

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