101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX

101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX, Amarillo, TX 79110

  • For Sale $17,300,000
  • Property Type Multi-Family
  • Property Size 131,139 SF
  • Units 81
  • Lot Size 5.85 Acre
  • Year Built 2024
  • Date Updated Jan 23, 2024
Amarillo, Texas is a city located in the Panhandle region of Texas, with a population of around 200,000 people. The city is known for its cowboy culture, unique cuisine, and proximity to natural wonders such as Palo Duro Canyon. Amarillo’s economy is diverse, with a mix of industries including agriculture, healthcare, and manufacturing. The city is home to several major employers such as Tyson Foods, Bell Helicopter, and Pantex, which is the nation’s primary nuclear weapons assembly and disassembly facility. The city also has a growing tourism industry, with several popular attractions drawing visitors from around the country. Amarillo has a rich history and is known for its unique architecture and landmarks, such as the Cadillac Ranch and the historic Route 66. In recent years, the city has undergone significant development, with the creation of new residential and commercial properties, as well as the revitalization of downtown Amarillo. The city has also invested in infrastructure projects such as the redevelopment of the Amarillo airport and the construction of a new convention center. Amarillo is home to several higher education institutions, including Amarillo College and West Texas A&M University, which offer a range of programs in fields such as business, healthcare, and engineering. The city also has a number of public and private schools, as well as several career and technical education programs. Amarillo’s unique culture and natural attractions make it a popular destination for tourists. The city is home to several historic landmarks, such as the Palo Duro Canyon and the Big Texan Steak Ranch, as well as a thriving arts and culture scene with numerous museums and galleries. The city also hosts several annual events, such as the Tri-State Fair and Rodeo and the Amarillo Farm and Ranch Show, which draw visitors from around the region. In addition to these main areas, Amarillo is also known for its strong sense of community and local pride. The city has a vibrant downtown area with numerous local businesses, as well as a number of community events and organizations aimed at promoting social and economic growth. Overall, Amarillo offers a unique blend of cultural heritage, natural beauty, and economic opportunity, making it an attractive place to live, work, and visit. With ongoing investment in city development and education, as well as a focus on promoting local businesses and sustainable growth, Amarillo is well-positioned for continued success in the years to come.

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Highlights

  • Paper Lots Are Available - For more Info Contact Us!
  • New construction Build-for-Rent homes in a strong market with supply constraints
  • Strong lease-up velocity, given a limited supply of available homes
  • Seller is a seasoned local developer/builder with 20+ years’ of experience in Amarillo
  • Optionality for investors on the acquisition here may purchase land and contract with developer/builder to develop horizontal and vertical construction or forward commit to purchase homes in monthly tranches at C.O.?
  • Investment offers two distinct floor plans, with 60 attached townhomes and 21 detached homes
  • All homes are 3-bed, 2-bath homes with attached 2-car garages
  • Horizontal development can begin as early as Q2 2023
  • The first tranche of homes delivered at C.O. is anticipated to be in Q2 2024
  • Opportunity to purchase new construction homes below the median market average
  • The asking price for new construction homes in Valleyview is below the median price in Amarillo
  • Little to no CapEx for many years to come with quality, long-term tenants, and low turn costs
  • Stabilized Gross Yield projected to 13.00% with annual rents of $2,248,160
  • Operating expense ratio of 35.07% given lower taxes compared to major Texas markets?
  • Projected NOI at stabilized Year 1 of $1,385,647
  • A strong stabilized cap rate projected to be 8.12%?
  • Significant ReFi or disposition opportunity upon stabilization
  • Excellent long-term hold opportunity or strong IRR opportunity via cap rate arbitrage at the disposition
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Michael Finch

SVN | SFRhub Marketplace

(480) 797-9825

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Amarillo, TX
  • Neighborhood Amarillo SouthWest
  • Zip Code 79110
  • Market Amarillo

Points of Interest

  • Phillips 66

    0.62 miles

  • Valero

    0.88 miles

  • Valero

    1.10 miles

  • Phillips 66

    1.21 miles

  • pack a sack

    1.26 miles

  • toot 'n totum

    1.26 miles

  • Phillips 66

    1.75 miles

  • Toot-n-Totum

    1.76 miles

  • Toot"n Totum

    1.89 miles

  • Love's

    1.96 miles

  • Harrington Employee Parking

    4.38 miles

  • Employee Parking Lower Level B

    4.47 miles

  • Patient & Visitor Parking A

    4.48 miles

  • Employee Parking Lower Level D&E

    4.52 miles

  • Patient & Visitor Parking C

    4.54 miles

  • Employee Parking

    4.63 miles

  • paddock

    5.15 miles

  • City of Amarillo Parking Garage

    5.54 miles

  • Comfort Suites

    1.81 miles

  • Motel 6

    1.91 miles

  • Traveler Motel

    2.09 miles

  • Holiday Inn Express & Suites

    2.22 miles

  • Amarillo Motel

    2.79 miles

  • Staybridge Suites Amarillo-Western Crossing

    3.45 miles

  • Comfort Suites

    3.54 miles

  • Baymont Inn & Suites Amarillo West

    3.64 miles

  • Super 8 by Wyndham Amarillo West

    3.66 miles

  • Travelodge Amarillo West

    3.71 miles

  • Sonic

    0.56 miles

  • Subway

    0.57 miles

  • Arby's

    0.96 miles

  • Pizza Planet

    1.01 miles

  • Taco Villa

    1.02 miles

  • Sonic

    1.09 miles

  • Chicken Express

    1.10 miles

  • Jorge's Mexican Bar & Grill

    1.13 miles

  • Domino's

    1.16 miles

  • Popeyes

    1.16 miles

  • City View Elementary School

    0.83 miles

  • Western Plateau Elementary School

    1.27 miles

  • Gene Howe Elementary School

    1.35 miles

  • South Georgia Elementary School

    1.46 miles

  • South Georgia Elementary School

    1.46 miles

  • Bonham Middle School

    1.53 miles

  • Windsor Elementary School

    1.60 miles

  • Randall High School

    1.81 miles

  • Arden Road Elementary School

    1.86 miles

  • Fannin Middle School

    1.98 miles

  • Imagination Station

    1.33 miles

  • Unique Individuals

    2.10 miles

  • Children's Circle of Friends

    2.95 miles

Frequently Asked Questions

What is the lease rate for 101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX?

Rental asking rate at 101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX is $8,650,000.00/YR.

What is the total square footage of 101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX?

101535 . Valleyview Townhomes 81 Home BFR Amarillo, TX totals 131,139 square feet.

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Contact Listing Broker

broker

Michael Finch

SVN | SFRhub Marketplace

(480) 797-9825