$224,159
NAL Estimated Property Value1205 Sw 11th Ave, Amarillo, TX, 79101
Off Market
Commercial
Highlights
Interior
Exterior
Lot Size8,712 sqft
Building Information
Year Built1927
Stories1
Roof Type105
Garage Spaces1
Land Information
APNR-044-7600-3960
Lot Number8
SubdivisionMadden Addn
Land UseResidential
Legal DescriptionMADDEN ADDN, LOT 008, BLK 0006
Census Tract011500
Assessed Land Value$5,400
Assessed Improvement Value$218,759
Assessment Year2025
About this property
Stong income-producing triplex with an estimated 11.5% cap rate! FULLY OCCUPIED, tenants are on month-to-month. Unit B has been completely remodeled, offering a modern interior that adds immediate value. The property includes a large backyard, detached 2-car garage ideal for storage, and a separate rear building ready to be renovated into a 4th income-producing unit. Owner pays for water and gas. Priced below tax appraisal value, this is an excellent opportunity to secure a solid multifamily investment with upside.
Investor Tools
$224,159
Estimated Property Value
$133,728Estimated Mortgage Balance
$90,431Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,345 /month
Positive
Cash Flow Estimate:
$448 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,552
$224,159
2025
$5,400
$218,759
$224,159
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,552
$224,159
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Larry S Solis
Purchase Money Mortgage
$143,000
No
First
Nov 1, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,728
$90,431
40%
60%
$858/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$778/mo
$858/mo
$-80/mo
4.2%
