DR Amarillo Portfolio

1613 S Polk Street, Amarillo, TX 79102

GREA is pleased to announce the exclusive listing of the DR Portfolio. Comprising a total of 176-units spanning 8 garden-style properties, this portfolio totals 5 acres of well-maintained apartments. Nestled in prime locations within Canyon (6 complex’s) and Amarillo (2 complex’s), each property within this portfolio offers a blend of historical charm and modern convenience. Dating from 1926 to 1980, these properties have been thoughtfully maintained to ensure a superior living experience for residents featuring an array of one and two-bedroom units with vinyl plank hardwood flooring, complemented by either sleek black or pristine white appliances. Additionally, select units offer the convenience of washer and dryer hookups, while all units are fully equipped kitchens complete with Electric Ranges/Ovens.

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Attachments

Highlights

  • 20+ year ownership; keeping rents low and occupancy high while also taking care of large capex items
  • Since the operational approach was to pay down debt and keep the properties full for the ease of management, rents are below market
  • Amarillo is ranked the second fastest growing mid- sized city and boasted the lowest unemployment level in the state of Texas in 2022.
  • New ownership can expect the local economy to be robust and the property to thrive in this recession-resistant environment.
  • The portfolio is offered at an extremely attractive cap rate with positive leverage opportunites. The basis, with value creation via moving rents to market and adding car ports, offers an opportunity to stabilize much higher.
  • The Seller would consider seller financing on offers with aggressive pricing and terms.

Contacts

broker

Ryan Quaid

GREA

(970) 232-5584

broker

Sean Scott

GREA

(972) 996-6233

broker

Zack Del Medico

GREA

(214) 909-4936

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Transit Score ®

    30/100 Some Transit

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Amarillo, TX
  • Neighborhood Old San Jacinto
  • Zip Code 79102
  • Market Amarillo

Points of Interest

  • Valero

    0.60 miles

  • Valero

    0.60 miles

  • Toot'n Totum

    0.62 miles

  • Valero

    0.99 miles

  • Chevron

    1.25 miles

  • Sam's Club

    1.44 miles

  • Valero

    1.51 miles

  • Toot'n Totum

    1.57 miles

  • Phillips 66

    1.72 miles

  • Toot'n Totum

    1.85 miles

  • City of Amarillo Parking Garage

    0.80 miles

  • Employee Parking Lower Level D&E

    4.48 miles

  • Patient & Visitor Parking C

    4.51 miles

  • Employee Parking Lower Level B

    4.52 miles

  • Patient & Visitor Parking A

    4.54 miles

  • Employee Parking

    4.62 miles

  • Harrington Employee Parking

    4.62 miles

  • Employee Parking

    7.61 miles

  • Outdoor Parking

    7.71 miles

  • Rick Husband Parking Garage

    7.73 miles

  • Courtyard Amarillo Downtown

    0.68 miles

  • The Barfield, Autograph Collection

    0.79 miles

  • Embassy Suites

    0.88 miles

  • Quality Inn East

    1.04 miles

  • Red Roof Inn Amarillo Airport/Downtown

    1.12 miles

  • Days Inn by Wyndham Amarillo East

    1.13 miles

  • Baymont by Wyndham Amarillo East

    1.16 miles

  • La Quinta Inn by Wyndham Amarillo Mid-City

    1.19 miles

  • La Quinta Inn by Wyndham Amarillo Mid-City 1

    1.24 miles

  • Microtel Inn & Suites by Wyndham Amarillo

    1.26 miles

  • Youngblood's Cafe

    0.45 miles

  • Downtown Deli

    0.51 miles

  • La Campana

    0.57 miles

  • TRINITY'S

    0.59 miles

  • Dairy Queen

    0.60 miles

  • Sunday's Kitchen

    0.82 miles

  • Furrbie's

    0.82 miles

  • IHOP

    1.16 miles

  • Denny's

    1.20 miles

  • Schlotzsky's

    1.20 miles

  • Nixson Junior High School

    0.25 miles

  • Amarillo College

    0.61 miles

  • Wolflin Elementary School

    0.69 miles

  • Saint Marys Academy

    0.73 miles

  • Region 16 Education Service Center Head Start Cleveland Street Center

    0.78 miles

  • McKinley School

    0.93 miles

  • Glenwood Elementary School

    1.06 miles

  • Landergin Elementary School

    1.16 miles

  • Sanborn Elementary School

    1.17 miles

  • Bivins Elementary School

    1.23 miles

  • Children's Circle of Friends

    1.81 miles

  • Imagination Station

    6.00 miles

  • Unique Individuals

    6.47 miles

Frequently Asked Questions

What is the total square footage of DR Amarillo Portfolio?

DR Amarillo Portfolio totals 111,765 square feet.

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Contact DR Amarillo Portfolio