Multifamily Apartment
For Sale
Contact for pricing
4302 SW 51st Ave, Amarillo, TX 79109
Apartment building with completed unit upgrades in 90% of units and programs focused on water cost reduction.
Property SizeContact for details
Days on Market122
Property Features for 4302 SW 51st Ave
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
John McGregor · License #TX 646474
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This multifamily apartment building has a complete unit upgrade program in place across 90% of the units. The property also includes a water RUBS program intended to support increased income, alongside a conservation program designed to reduce water expense by 31%. Additional income improvements cited include implementing reserved parking to boost income by $32,700 and increasing market rent to meet submarket standards.
The offering is for sale and located at 4302 SW 51st Ave in Amarillo, Texas.
The offering is for sale and located at 4302 SW 51st Ave in Amarillo, Texas.
Key Highlights
- Complete unit upgrade program completed in 90% of units
- Water RUBS program in place to boost income
- Reserved parking implemented to help boost income by $32,700
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with completed unit upgrades in 90% of units and programs focused on water cost reduction.
Where is this apartment building located?
The property is located at 4302 SW 51st Ave Amarillo, TX.
What are key features of this property?
This property features: Complete unit upgrade program completed in 90% of units; Water RUBS program in place to boost income; Reserved parking implemented to help boost income by $32,700
