3BR/2BA Duplex for
29 Southridge Drive Canyon, TX 79015
For Sale
$349,900
Duplex residence offering 3 bedrooms and 2 bathrooms with income-oriented potential in Canyon.
Property Size3,214 SF
Price / SF$108.87
Days on Market174
Property Features for 29 Southridge Drive
General Information
- Standard status
- Active
- Size
- 3,214 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1976
Listing Agency:
Keller Williams Realty Amarillo
(806) 683-9208
Listed By:
Melanie Scott · License #0436268
(806) 683-9208
Source:
Compass
Added: Jan 31
Changed: Jul 23
Last Checked: Jul 23 at 5:58PM
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 Keller Williams Realty Amarillo
Investment Insights
Based on property information with market context.
This duplex features a 3-bedroom, 2-bath layout designed for practical everyday living. It presents an income-focused residential configuration well suited to investors and owner-occupants seeking rental income.
The property is located at 29 Southridge Drive in Canyon, Texas, and is described as being in Hunsley Hills. Public remarks note a functional layout and desirable location.
As a duplex, the property provides a residential income opportunity within a duplex format, with the unit configuration centered around three bedrooms and two bathrooms.
The property is located at 29 Southridge Drive in Canyon, Texas, and is described as being in Hunsley Hills. Public remarks note a functional layout and desirable location.
As a duplex, the property provides a residential income opportunity within a duplex format, with the unit configuration centered around three bedrooms and two bathrooms.
Key Highlights
- Duplex residence with 3 bedrooms and 2 bathrooms
- Single‑story brick veneer construction
- Central electric cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $12.36 |
| − Vacancy | −$4.5k | −$1.41 |
| EGI | $35.2k | $10.95 |
| − OpEx | −$10.6k | −$3.29 |
| NOI | $24.6k | $7.67 |
3,214 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.6K
NOI $24,637 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 6.24%
Theoretical Best
Hotel Hospitality
$1.65M
$1.44M – $1.92M
NOI $115,415 @ 7.0% cap · market cap 32.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex residence offering 3 bedrooms and 2 bathrooms with income-oriented potential in Canyon.
Where is this duplex located?
The property is located at 29 Southridge Drive Canyon, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Duplex residence with 3 bedrooms and 2 bathrooms; Single‑story brick veneer construction; Central electric cooling
