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$120,000

310 S PROSPECT Street, Amarillo, TX, 79106

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths1,224 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1927

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating Floor/WallHeating Floor/Wall
AppliancesRefrigerator, Range

Exterior

Lot Size6,970 sqft

Building Information

Year Built1926
Stories1
Roof Type112

Land Information

APNR-069-1000-9070
Lot Number4
SubdivisionSan Jacinto Heights
Land UseResidential
Legal DescriptionSAN JACINTO HEIGHTS, LOT 004, BLK 0230
Census Tract015300
Assessed Land Value$6,500
Assessed Improvement Value$82,670
Assessment Year2025

About this property

Looking to jump into real estate investing or add more doors to your portfolio? This cash-flowing duplex is your opportunity! With two 1 bed, 1 bath units (each 612 sq ft), this property is already leased and bringing in rental income from day one. Easy-to-manage layout with separate entrances and classic traditional style. Sitting on a spacious lot, this is a solid addition for any investor seeking steady occupancy and long-term potential. Snag this investment opportunity before it's gone!

Investor Tools

$214,772Estimated Mortgage Balance
$119,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

Interested in this property?

DeeDee Bennett

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,390
$89,170
2025
$6,500
$82,670
$89,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,390
$89,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocity Commercial Capital Llc
Commercial
$226,500
No
First
Jul 6, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,772
N/A
0%
180%
$1,358/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,542/mo
$1,358/mo
+$184/mo
15.5%

City: Amarillo