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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments

1638 12Th Ave Amarillo, TX 79107

Property ID
US82-0214483
Property summary
AI-generated overview

This exceptional 14,000 square foot multi-family lot presents a remarkable investment opportunity in Amarillo, Texas. Located at 1638 & 1644 NW 12th Ave, this property boasts convenient access to essential amenities and is situated directly across the street from Carver Elementary School, offering a highly desirable location for residential development. The lot measures approximately 100 feet wide by 140 feet deep, providing ample space for a substantial multi-family project. The property is zoned for multi-family use, simplifying the development process. Existing utilities are readily available on-site, further streamlining construction. A detailed bid package is available upon request. This prime location, combined with its multi-family zoning and convenient access to utilities, makes this an exceptional opportunity for developers seeking to capitalize on the growing Amarillo real estate market. The property's proximity to Carver Elementary School adds significant appeal to potential residents. This is a rare chance to acquire a well-positioned, sizable lot in a thriving Texas community. Don't miss this chance to secure this valuable asset. The asking price is $14,000.

Property profile
Verified
Property type High-rise multifamily apartments
UPID US82-0214483
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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