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$490,000

1013 Sw 11th Ave, Amarillo, TX, 79101

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths3,887 Sq Ft
Year BuiltBuilt in 1938

Property Lead Type:

Absentee Owner

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit

Exterior

Lot Size11,326 sqft

Building Information

Year Built1938

Land Information

APNR-044-7600-4128
SubdivisionMadden Addn
Land UseCommercial
Legal DescriptionMADDEN ADDN, BLK 0007, S 39.5FT & E 6FT OF N 103FT OF 7 PLUS ALL OF 8, 0.2600 ACRES
Census Tract011500
Assessed Land Value$6,795
Assessed Improvement Value$296,646
Assessment Year2025

About this property

Walk into a an Amazing investment with instant income opportunity! 7 Unit Tudor-Style Multiplex at 100% Occupancy. 6 out of 7 units have been remodeled. Unit #1: 2/1 with w/d hookups, Unit #2: 2/1 with w/d hookups, Unit 3: 1/1 with w/d hookups, Unit 4: 2/1 with w/d hookups, Unit 5: 1/1, Unit 6: 1/1, Unit 7 is a studio. 6 car garage stalls on site and additional surrounding parking spaces. Rent rolls and leases will be provided with a contract. Interior photos provided at request.

Investor Tools

$328,367Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

Interested in this property?

Jessica Waggoner

EXP Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,642
$303,441
2025
$6,795
$296,646
$303,441
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,642
$303,441

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dalhart Federal Savings & Loan
Open End Mortgage / Open End With Future Advance Clause
$292,000
No
First
Aug 20, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,367
N/A
0%
101%
$2,159/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Amarillo

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1013 Sw 11th Ave | Property Details | No Agent List