The Hollywood apartments are well equipped with 12 one bedroom one bathroom apartments. Each unit has been remodeled and stabilized under the current ownership. Current management has done an exemplary job increasing rents to market levels while maintaining consistent collections. Hollywood is an excellent asset in the heart of Amarillo.
Downtown Amarillo, located in the heart of the Texas Panhandle, is a vibrant and evolving urban center that beautifully blends the city's rich history with modern amenities. Steeped in the iconic culture of the American West, this area serves as a dynamic hub for commerce, entertainment, and cultural experiences. Hollywood is situated only 0.7 miles from Hodgetown stadium as well 0.4 miles from BNSF railway offering tenants access to major employers in Amarillo.
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.
