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$224,159

NAL Estimated Property Value

1205 Sw 11th Ave, Amarillo, TX, 79101

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths3,120 Sq Ft
price_per_sqft$57.69 / sqft
Year BuiltBuilt in 1927

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall

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

Property Icon
$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

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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%

City: Amarillo