27-Unit Multifamily in Amarillo, TX
TX · listed Sep 30, 2026 (28 days)
- $/unit
- $85,185
- ▼ 8% vs TX · 44th pct
- Cap rate
- 8%
- ▲ 0.6 pts vs TX median
- NOI
- $184K
- $6,830/unit/yr
- Units
- 27
Financials
- Asking price
- $2,300,000
- Price per unit
- $85,185
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $184,421
- NOI per unit
- $6,830
- Cap rate
- 8%
- Gross yield
- Not stated
- Occupancy
- 85%
As stated by the seller. Verify during due diligence.
Building
- Units
- 27
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 30, 2026
- Days on market
- 28 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1016
About this property
FOR SALE | 27-UNIT DUPLEX PACKAGE | Amarillo, Texas
FIMC Commercial Realty is pleased to offer the Westhaven Duplexes, a 27-unit multifamily investment opportunity located in Amarillo, Texas.
Offered at $2,300,000, the property features a stabilized NOI of approximately $184,421 and an 8.02% pro forma cap rate.
The majority of the units have already received updates including vinyl wood flooring, newer fixtures, and new or resurfaced countertops. Additional upside remains through completing interior renovations, adding washer/dryer hookups, bringing rents to market, and expanding RUBS income to include additional tenant-paid services.
Property highlights include:
27 units Value-add opportunity Under-market rents Brick exteriors and composition roofs Tenant-paid electric with RUBS for water and gas Excellent access to I-40 and I-27 Current reported occupancy of approximately 85.2%
For additional information or a copy of the Offering Memorandum:
Kirk Chudej Commercial Associate/Partner FIMC Commercial Realty
#CommercialRealEstate #Multifamily #InvestmentProperty #AmarilloTX #TexasRealEstate #ValueAdd #Duplexes #FIMCCommercialRealty
Poster's replies in the comments: Scott Ricenbaw buy it and you can find out!
Location
Somewhere in Amarillo. The exact address is shared on request.
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