Three-Building Apartment
For Sale
Contact for pricing
Pending
1410 SW 9th Ave, Amarillo, TX 79101
Renovated 33-unit, three two-story multifamily buildings with mini-split systems, on-site laundry, and storage sheds.
Days on Market111
Property Features for 1410 SW 9th Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
33
Amenities
coin-operated laundry facility
storage sheds
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 28 at 4:55AM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
Broadstone Apartments is a 33-unit multifamily property made up of three two-story buildings. The community includes a mix of 1-, 2-, and efficiency units, with the 1501 SW 9th building housing all 1- and 2-bedroom units. One 1-bedroom unit has been converted to a freestanding manager’s office, and the coin-operated laundry facility is located to the rear (south) of the 1501 SW 9th buildings. The 1410 SW 9th building includes all efficiency units, and both parcels provide storage sheds on site.
The property was acquired by the current owner in 2017 and renovated with approximately $165,000 to $170,000 in capex. Upgrades include new dedicated energy-efficient mini-split systems for every unit. Additional work focused on interior make-readies such as new paint, flooring, light fixtures, and tile tub surrounds and back splashes, along with some appliance replacements as needed. Roofs were repaired or replaced as needed and the property was power washed.
The buildings were previously served by boilers and chillers or by window units, and the property is currently managed by Blaze Property Management. Current ownership is achieving $155,301 in annual NOI, with current and proforma financials underwritten with a 10.0% management fee. The site is approximately 0.8 miles from Bivins Elementary and 0.5 miles from Ellwood Park.
The property was acquired by the current owner in 2017 and renovated with approximately $165,000 to $170,000 in capex. Upgrades include new dedicated energy-efficient mini-split systems for every unit. Additional work focused on interior make-readies such as new paint, flooring, light fixtures, and tile tub surrounds and back splashes, along with some appliance replacements as needed. Roofs were repaired or replaced as needed and the property was power washed.
The buildings were previously served by boilers and chillers or by window units, and the property is currently managed by Blaze Property Management. Current ownership is achieving $155,301 in annual NOI, with current and proforma financials underwritten with a 10.0% management fee. The site is approximately 0.8 miles from Bivins Elementary and 0.5 miles from Ellwood Park.
Key Highlights
- 33‑unit light value‑add apartment property in Amarillo, TX across 3 two‑story multifamily buildings
- Unit mix includes 1-, 2-, and efficiency units: 1501 SW 9th holds 1- and 2‑bedroom units (including a converted manager’s office unit)
- All units feature new dedicated energy‑efficient mini‑split HVAC; owner reports decreased utility expenses
Property Analytics
Current Use
Lease Details
33
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
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 - Renovated 33-unit, three two-story multifamily buildings with mini-split systems, on-site laundry, and storage sheds.
Where is this apartment building located?
The property is located at 1410 SW 9th Ave Amarillo, TX.
What are key features of this property?
This property features: 33‑unit light value‑add apartment property in Amarillo, TX across 3 two‑story multifamily buildings; Unit mix includes 1-, 2-, and efficiency units: 1501 SW 9th holds 1- and 2‑bedroom units (including a converted manager’s office unit); All units feature new dedicated energy‑efficient mini‑split HVAC; owner reports decreased utility expenses
