West Oaks

6240 Woodward Street, Amarillo, TX 79106

  • For Sale $3,450,000
  • Property Type Other
  • Units 61
  • Year Built 1977
  • Date Updated Apr 24, 2024
  • Website westoaks.sharplaunch.com

West Oaks is a well maintained 1977 vintage apartment complex boasting 61 spacious units nestled just outside of the vibrant medical district in Amarillo Texas. This classic brick construction property offers a mix of one, two, and three-bedroom residences designed for modern living well equipped with tile and carpet flooring, formica countertops, white appliances, spacious bedrooms, and new paint.

Situated on 1.79 acres of beautifully landscaped grounds, it provides residents with ample outdoor space and includes a pool, on-site laundry facilities, and many open surface parking spots.

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Highlights

  • Prime location just within blocks of the medical district, where over 5,000 people are employed.
  • Numerous major economic projects slated to add over 4,500 jobs to the local economy in the next few years, including Producer Owned Beef which plans to build a $670M facility, as well as a new Amazon Fulfillment Center which will employ 500 people.
  • There is an opportunity to add immediate scale by purchasing one or more of the other properties in the portfolio. E.g., West Oaks is within walking distance of Deville and Wolflin.
  • Amarillo is the second fastest growing mid-sized city in the nation.
  • The property sits below direct competitors in rent and occupancy. New ownership can take a hands-on approach to increase income.
  • Amarillo performs exceptionally well during economic slowdowns. The local economy increased 3.8% over Covid while the national economy shrank 2.8%.

Contacts

broker

Sean Scott

GREA

(972) 996-6233

broker

Angel Flores

GREA

(972) 232-2325

broker

Ryan Quaid

GREA

(214) 253-4660

Location

Getting Around

  • Walk Score ®

    42/100 Car-Dependent

  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Amarillo, TX
  • Neighborhood Historic Route 66 District
  • Zip Code 79106
  • Market Amarillo

Points of Interest

  • CEFCO

    0.10 miles

  • Valero

    0.54 miles

  • Valero

    0.63 miles

  • Phillips 66

    1.01 miles

  • Murphy USA

    1.05 miles

  • Phillips 66

    1.11 miles

  • Phillips 66

    1.19 miles

  • Murphy USA

    1.32 miles

  • Shell

    1.41 miles

  • Phillips 66

    1.44 miles

  • Employee Parking Lower Level D&E

    0.98 miles

  • Employee Parking Lower Level B

    1.00 miles

  • Patient & Visitor Parking C

    1.01 miles

  • Patient & Visitor Parking A

    1.02 miles

  • Harrington Employee Parking

    1.08 miles

  • Employee Parking

    1.13 miles

  • City of Amarillo Parking Garage

    4.00 miles

  • paddock

    8.91 miles

  • Relax Inn

    0.25 miles

  • Fairfield Inn & Suites Amarillo West/Medical Center

    0.58 miles

  • Residence Inn Amarillo

    0.63 miles

  • Red Roof Inn Amarillo West

    0.68 miles

  • Economy Inn

    0.75 miles

  • Astro Motel

    0.76 miles

  • Bronco Motel

    0.79 miles

  • TownePlace Suites Amarillo West/Medical Center

    0.95 miles

  • Hampton Inn & Suites Amarillo West

    0.98 miles

  • Sleep Inn & Suites West Medical Center

    0.98 miles

  • Doughnut Stop

    0.21 miles

  • Tsunami Japanese Steakhouse

    0.73 miles

  • China Star

    0.86 miles

  • Burger King

    0.92 miles

  • Pizza Hut

    0.94 miles

  • McDonald's

    0.94 miles

  • Wendy's

    0.96 miles

  • Blue Sky

    0.97 miles

  • IHOP

    0.97 miles

  • Waffle House

    1.00 miles

  • Olsen Park Elementary School

    0.58 miles

  • Avondale Elementary School

    0.61 miles

  • Belmar Elementary School

    0.91 miles

  • Belmar School

    0.92 miles

  • Amarillo College West Campus

    1.09 miles

  • David Crockett Middle School

    1.10 miles

  • Tascosa High School

    1.14 miles

  • Texas Tech Health Sciences Center

    1.34 miles

  • Ridgecrest Elementary School

    1.42 miles

  • Sam Houston Junior High School

    1.48 miles

  • Children's Circle of Friends

    2.76 miles

  • Unique Individuals

    4.49 miles

  • Imagination Station

    4.58 miles

Frequently Asked Questions

What is the lease rate for West Oaks?

Rental asking rate at West Oaks is $1,725,000.00/YR.

What is the total square footage of West Oaks?

West Oaks totals 41,600 square feet.

When was this property built?

West Oaks was built in 1977.

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