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601 S Nelson St Amarillo, TX 79104

For Sale
$2,995,000

MULTI_FAMILY - Amarillo, TX

Days on Market:
159
Last Refresh:
Dec 6 at 9:06 pm

Property Features for 601 S Nelson St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active

Building Details

Year built
1977

FIMC Commercial Realty (806) 358-7151

Listing agent Kirk Chudej

Listing date Jul 1, 2025

MLS# 25-5926 Listing URL

Copyright © 2025 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Updated Multifamily Property in Amarillo

This multifamily property in Amarillo, Texas, features units that have been updated with cabinets, countertops, flooring, fixtures, paint, toilets, and new blinds. A new roof was installed in 2022. Additional capital improvements since 2022 include HVAC replacement, windows, appliances, and plumbing, totaling more than $743,000. The property is located in Potter County. A new owner has the option to implement RUBS on gas, water, trash, and sewer to increase the NOI.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Nelson Street Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Amarillo
County
Randall
State
Texas
Longitude
-101.805532
Latitude
35.204028

FAQs

What type of property is this?
Apartment building - Multifamily property with recent capital improvements and updated units.
Where is this apartment building located?
The property is located at 601 S Nelson St Amarillo, TX.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: - Significant capital improvements: Over $743,000 invested since 2022, including a new roof.; - Updated Units: Almost all units feature updated cabinets, countertops, flooring, fixtures, paint, toilets, and blinds.; - Opportunity to increase NOI: Implement RUBS (Ratio Utility Billing System) for gas, water, trash, and sewer.
More about this property
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