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807 N Lincoln Street

Amarillo, TX 79107
  • $439,500
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: 23-3825
Price Reduced
UPDATED: 17 min ago
$439,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Description

Seller Motivated! 8% Cap rate at current rents! Lots of upside on rents and RUBS!Property is pre approved for a 5/30 loan with local credit union!Multiple Addresses - three tax i.d.'s - 807 N Lincoln - 3/2, 809 N Lincoln 4 - 1/1's, 811 N Lincoln 2 - 1/1, 514 1 - 1/1 and 1 - 0/1.If at 100% occupancy gross income is $5825 per month. Current income is $4300 as of August 2023Lots of updates done! To Include Plumbing, Electrical, HVAC installs, Mini Splits, New floors, paint, sheetrock, carpet, butcher block in kitchen, so many new things to make these units stand out from the rest!Seller will possibly split the properties up. Forward all offers to listing agent!

Monthly Payment Calculator

© 2023 Amarillo Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Meraki Real Estate Group - Keller Williams. Data last updated: 2023-09-28T17:55:00.123.
www.choosemeraki.com/homes/140095677
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807 N Lincoln Street Amarillo, TX 79107

  • Price: $439,500
  • Status: Active
  • On Site: 118 Days
  • Updated: 17 min ago
  • ID#: 23-3825
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1944
Built
Neighborhood:
0320 - Martin Road
County:
Potter
Area:
0320 - Martin Road
Property Description
Seller Motivated! 8% Cap rate at current rents! Lots of upside on rents and RUBS!Property is pre approved for a 5/30 loan with local credit union!Multiple Addresses - three tax i.d.'s - 807 N Lincoln - 3/2, 809 N Lincoln 4 - 1/1's, 811 N Lincoln 2 - 1/1, 514 1 - 1/1 and 1 - 0/1.If at 100% occupancy gross income is $5825 per month. Current income is $4300 as of August 2023Lots of updates done! To Include Plumbing, Electrical, HVAC installs, Mini Splits, New floors, paint, sheetrock, carpet, butcher block in kitchen, so many new things to make these units stand out from the rest!Seller will possibly split the properties up. Forward all offers to listing agent!
Exterior Features

Construction Brick VeneerFrameSiding Roof Composition

Interior Features

Appliances RangeRefrigerator Cooling Central AirElectricWindow Refrig Heating Wall Furnace Unit Features Common Outside Entry

Property Features

Gross Income 5825 Property Insurance Premium 2898 Square Foot Source Appraisal District To Be Auctioned No Vacancy 2 Units Zone 0300 - Ne Amarillo in City Limits

Listing information © 2023 Amarillo Association of Realtors Multiple Listing Service.
Listing provided courtesy of Cathy Bourke of Pace Realty Group: (806) 672-9579.

© 2023 Amarillo Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Meraki Real Estate Group - Keller Williams. Data last updated: 2023-09-28T17:55:00.123.
 
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Meraki Real Estate Group - Keller Williams
3955 S Soncy
Amarillo TX, 79119