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    FOR SALE
    Apartment buildings

    6990 SW 9Th Ave, Amarillo, TX 79106

    127,340 SF
    Entity Owned 1-yr Hold
    Property ID
    US82-8605009
    Property summary
    AI-generated overview

    The Nine Apartments provide an extravagant development plan that goes above and beyond the status quo. This gated community will ensure that tenants feel safe and secure in their new home. Each unit will have a private balcony for added space, comfort, and relaxation. 1 mile from 1600 Texas Tech University MED-STUDENTS!!! PERMITTED AND IS SHOVEL READY! Amenities will include a nice furnished Club House, a golf simulator, tanning facility and access to the fully equipped 24-hour fitness center. Party and conference rooms will also be available for resident use. Please note that the pool was scrapped for added parking and lower annual maintenance. The development includes 105 units, ranging from one bedroom units to larger 3 bedroom 2 bath units. Leasing options also available upon request. The apartments will overlook the beautiful lakes and canyons surrounding Medi-Park. Take a stroll through scenic jogging trails or set up a picnic and watch the beautiful Amarillo sunset. Gather friends and family for nearby outdoor activities including hiking, biking, and fishing. This location is ideal for medical professionals, as it is virtually within walking distance to over 1600 med-students at Texas Tech University Health Sciences Center at Amarillo, and the Texas Tech University School of Veterinary Medicine, BSA and Northwest Texas Hospitals, BSA Harrington Cancer Center, Amarillo VA Healthcare System, as well as countless healthcare centers, surgery centers, and physician’s offices. A 4th new hospital is currently under construction. Restaurants, cantinas, and shopping centers are within a few miles from The Nine Apartments. Head South down Coulter St. to Westgate Mall, or head east towards the historic Route 66! Grab a burger from the famous Golden Light Cantina, Smokey Joe's or window shop through some of Amarillo's most popular shops.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 127,340 SF
    UPID US82-8605009
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Bobcat 44 Investments LLC · 1 yrs held
    Bobcat 44 Investments LLC
    since 2024
    4 recorded transactions
    2024
    $480,000
    2023
    2019
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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