$1,250,000
3004 WESTHAVEN DR
Amarillo, TX 79109
MLS# 20-743
1550 sqft


3004 WESTHAVEN DR, Amarillo, TX 79109
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Property Description
21 Door Rental package available! All 2 bed 1 bath units in 10 Buildings plus one office area. Cap rate of 7.43% at list price. There are 10 buildings for 20 doors and 1 back office area in alleyway renting for 200 a month. All units save 1 are in rent-able condition. Bids to rehab is 5,600 to make ready the last door. Rents range from 675-725 a month with owner paying water. Tenants pay the remaining utilities. Licensed Management in place currently and negotiable with new owner. Some units are on City HUD most are self pay. All units are 2 bed 1 bath, Some have Washer/Dryer hookups and some have Central HVAC. Some units also have had newer gas lines, water heaters, stove, ranges, ECT. Management has full information available from 9/2019 to current with approval letter.

Details
Documents
Property Information
Current Price: $1,250,000
To Be Auctioned: No
List Price: $1,250,000
Zone: 0200 - SW Amarillo in City Limits
Area: 0202 - Lawrence Park
Status: Active
Begin Date: 2020-01-29
Realtor.COM Type: Multi-Family
Total SqFt. (+/-): 1550
Price Per Sq. Ft.: 806.45
Year Built: 1950
Number of Stories: One
Source of Sq Ft: Appraisal District
Taxes and Legal Information
House #: 3004
Street Name: WESTHAVEN
Street Sfx: DR
State/Province: TX
Postal Code: 79109
County: Randall
Legal: WESTHAVEN PARK ADDN LOT BLOCK 0007 IRREG TR OF TR 1 BEG 193FT SE OF SW COR
Listing Info
L/A Supervisor Name: Paul French
Supervisor's Phone #: 8063569086
L/A Supervisor License Number: 295224
Exchange For: cash
Directions: 34th and Curtis. North on Curtis to properties
Currently not used
Showing Phone Number: 8066729579
Income
Gross Income: 154488
Net Oper Income: 92882
Expenses
Utility Expense: Water Paid by Owner
School Districts
District 1: Amarillo ISD
Title Company & Escrow Officer
Suggested Title Company/Address: Chicago Title
Escrow Officer: Micheal Debault
Property Features
Appliances: Cooktop; Dishwasher; Range/Oven; Refrigerator
Roof: Composition
Construction: Brick Veneer
Cooling: Central Elec; Window Refrig

Listing Office: French and Co., REALTORS®

Listing Agent: Jarec Pace

Last Updated: January - 31 - 2020

Information deemed reliable but not guaranteed.

Saturday 4th of April 2020 01:52 PM