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$110,000

404 N Lincoln St, Amarillo, TX, 79107

$143,000 ARVInfo
On MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths3,226 Sq Ft
price_per_sqft$34.1 / sqft
Year BuiltBuilt in 1920

Highlights

Interior

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

Exterior

Lot Size8,276 sqft

Building Information

Year Built1920
Stories1
Roof Type105

Land Information

APNR-039-0300-1510
Lot Number8
SubdivisionHolland's Addn
Land UseResidential
Legal DescriptionHOLLAND'S ADDN, LOT 008, BLK 0216, 0.1900 ACRES
Census Tract012200
Assessed Land Value$6,000
Assessed Improvement Value$79,244
Assessment Year2025

About this property

Unlock the potential of this versatile investment property, with easy downtown access! Recreate this 4-plex, rare opportunity to build to your exact vision. Exterior has been fully updated, featuring brand-new siding and windows--giving you a solid, attractive foundation to start from. Inside, it has been taken down to the studs, providing a blank slate for a complete custom build-out. With major exterior improvements already completed, focus on bringing the interior to life. The property will require electrical and HVAC installation, making it ideal for investors or builders ready to maximize value and returns. Opportunities like this don't come often-- endless potential. Turn this property into an income generator!

Investor Tools

$50,509Estimated Mortgage Balance
$58,965Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$143,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$660 /month
Positive
Cash Flow Estimate:
$220 /month

Interested in this property?

Andrea Daniels

Gillispie Land Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,782
$85,244
2025
$6,000
$79,244
$85,244
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,782
$85,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Robert N Wilkinson
Purchase Money Mortgage
$55,000
No
First
Jan 28, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,509
$297,491
85%
46%
$330/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$330/mo
+$992/mo
14.6%

City: Amarillo

404 N Lincoln St | Property Details | No Agent List