Evergreen Apartments

820 Evergreen Street Amarillo, TX 79107

820 Evergreen Street, Amarillo, TX, 79107
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Apr 16, 2024

Highlights

  • Within 10 minutes of a top 3 employer in Amarillo
  • Going in price per unit is 50% less than 5 year average sold price per unit in Amarillo

Description

The Evergreen apartment complex features 43 two bed one bath apartment units in the heart of North Amarillo. The property is currently being operated as an all bills paid complex allowing investors to immediately add value by billing the tenants back for their utilities. Current ownership has injected over $250,000 in CAPEX into the property in the prior 4 years leaving new investors the opportunity to quickly begin their value add program.

The Evergreen apartments are conveniently located off of I-40 in North Amarillo. The apartments are expertly positioned within 2 miles of a one million square-foot Amazon fulfillment center , and within 10 minutes of Tyson Foods. This strategic location offers residents convenient access to and from multiple top employers in Amarillo.


Year Built: 1957
Building Size: 6969sq ft
Lot Size: 0 acres


Documents

Evergreen Offering Memorandum.pdf

Map of 820 Evergreen Street, Amarillo, TX, 79107

Presented by:
Keller Williams Realty - KW Commercial - Accel Group

Request additional information
Greg Brownd


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.