Medical Plaza Townhomes

Multi-Family for Sale
Catylist Listing ID: 30622090
Property Subtypes: Low-Rise/Garden, Mid-Rise
Number of Units: 32 Units
Building Size (RSF): 45,888 SF
Gross Building Area: See Agent
Sale Price: $3,145,000
Unit Price: $98,281.25 Per Unit
Property Use Type: Investment
Building Name: Medical Plaza Townhomes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Medical Plaza Townhomes is a 32 unit two-story complex. All of the units are 1,434 sf, 3 bed / 2.5 baths, have privacy fenced backyards, washer/dryer connections, and a fireplace. Most of the apartments in the area are only 1 and 2 bedroom units, so you have an extra room that can be used as an extra bedroom, office, or fitness room. This property would be a great candidate for a condo conversion. All units are identical so they are easier to maintain.

Recent capital improvements include new roofs in 2017, parking lot resurface in 2018, and metal privacy fences.

Additional Details

Nearest MSA: Amarillo
County: Potter
Tax ID/APN: 009190007500
Site Description: Amarillo TX is located in the panhandle of Texas, on I-40 about halfway between Oklahoma City and Albuquerque. Medical Plaza Townhomes is located in a very convenient location in the Medical Center district near the intersection of Interstate 40 and Coulter. It is close to some of the largest employers in Amarillo.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1983

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,074 74,108 136,070
Median Age: 38.07 37.58 36.57
Households: 4,972 32,450 56,287

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