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$199,500

906 N Fairmont St, Amarillo, TX, 79106

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,218 Sq Ft
price_per_sqft$163.79 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Cooktop

Exterior

Exterior FeaturesBrick
Lot Size7,841 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces6

Land Information

APNR-061-6800-2260
SubdivisionPark City Replat
Land UseResidential
Legal DescriptionPARK CITY REPLAT, BLK 0006, 15 AND 16
Census Tract015300
Assessed Land Value$4,480
Assessed Improvement Value$196,522
Assessment Year2025

About this property

Investor opportunity or perfect place to call home! This versatile property features a 2-bedroom, 1-bath home with central heat and air, sprinkler system, and a new gas line installed approximately three years ago (per seller). A spacious 30' x 50' shop with a half bath conveys with the property, offering endless possibilities for a business, workshop, storage, or additional income. Currently tenant occupied, with the tenant willing to stay if desired. Don't miss this unique property offering flexibility, functionality, and income-producing potential all in one!

Investor Tools

$1,482,063Estimated Mortgage Balance
$203,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,218 /month
Positive
Cash Flow Estimate:
$406 /month

Interested in this property?

Sara Middlebrook

Wieck Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,573
$201,002
2025
$4,480
$196,522
$201,002
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,573
$201,002

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Open End Mortgage / Open End With Future Advance Clause
$1,557,721
No
First
Oct 17, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,482,063
N/A
0%
730%
$9,340/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$972/mo
$9,340/mo
$-8,368/mo
5.7%

City: Amarillo

906 N Fairmont St | Property Details | No Agent List