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$238,000

NAL Estimated Property Value

3002 S Polk St, Amarillo, TX, 79109

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,723 Sq Ft
price_per_sqft$171.15 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesRange

Exterior

Exterior FeaturesBrick
Lot Size7,841 sqft

Building Information

Year Built1938
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-014-4700-5110
Lot Number9
SubdivisionMrs M D Oliver-Eakle
Land UseResidential
Legal DescriptionMRS M D OLIVER-EAKLE, LOT 009, BLK 0085
Census Tract020500
Assessed Land Value$7,425
Assessed Improvement Value$144,326
Assessment Year2025

About this property

Open to OFFERS! Turnkey Airbnb Investment Opportunity with Additional Studio Space in Amarillo Historic District** Step into this clean, spacious, and fully furnished 2-bedroom duplex home in the heart of the Amarillo historic district. This high-producing Airbnb is a rare investment opportunity. The property is ideally located with easy access to I-40 and I-27, and just minutes away from Downtown Amarillo, making it a favorite among travelers. This property is a high-performing Airbnb with consistent daily bookings, making it an attractive business deal for investors. With all furniture and amenities included with acceptable offer, it's ready to continue generating income from day one. - Additional Studio Space: SEE SUPPLEMENT Beyond being a successful short-term rental, this property also features an extra studio space, offering even more potential. Whether you envision it as a home office, art studio, guest suite, or additional rental unit, this space adds significant value and flexibility to the property. This is more than just a home; it's a thriving business opportunity with versatile living spaces in one of Amarillo's most desirable areas. Don't miss out on this rare chance to own a fully operational and successful Airbnb or make it into an exceptional dream home!

Investor Tools

Property Icon
$238,000
Estimated Property Value
$108,596Estimated Mortgage Balance
$129,404Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,769 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,087
$151,751
2025
$7,425
$144,326
$151,751
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,087
$151,751

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Fha
$122,735
Yes
First
Jun 4, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,596
$129,404
54%
46%
$736/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$736/mo
+$314/mo
5.3%

City: Amarillo

3002 S Polk St | Property Details | No Agent List