1911 Madison Street

Amarillo, TX 79109

$1,095,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Presenting a prime investment opportunity in Amarillo, TX, this multifamily property boasts a building with six units, all constructed in 2020. Zoned as Multi Family - 2, this turnkey asset is currently operating as short-term rentals but has several long-term leases previously. The modern construction and only being 4 years old make this property an enticing prospect for multifamily and low-rise/garden investors seeking a lucrative addition to their portfolio. With its prime location and strong...Presenting a prime investment opportunity in Amarillo, TX, this multifamily property boasts a building with six units, all constructed in 2020. Zoned as Multi Family - 2, this turnkey asset is currently operating as short-term rentals but has several long-term leases previously. The modern construction and only being 4 years old make this property an enticing prospect for multifamily and low-rise/garden investors seeking a lucrative addition to their portfolio. With its prime location and strong rental history, this property sets the stage for a seamless and profitable investment in the Amarillo market.
  1. Listed by Josh Langham • TREC #0664099 • Llano Realty, LLC

Property Details for 1911 Madison Street

Zoning Description
0200 - SW Amarillo in City Limits
Architectural Style
Sixplex
LISTING UPDATED: 10/28/2024 09:38 AM

Property Details for 1911 Madison Street

StatusActive
MLS #24-8248
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built2020
Lot Size0.42 AC / 18,294 SF
CountyPotter County

Building Information for 1911 Madison Street

Stories-Residences6Year Built2020Building Size-Lot Size0.42 AC / 18,294 SF

Property Information for 1911 Madison Street

Summary
Location and General Information
  • City: Amarillo
  • County Or Parish: Potter
  • Directions: Facing Interstate 40 one block east of Washington
  • Latitude: 35.193772
  • Longitude: -101.847156
  • Postal Code: 79109
  • State Or Province: TX
Taxes and HOA
  • Tax Legal Description: WASHINGTON CENTER ADDN LOTBLOCK 0005 17 EXC N 20FT ROW PLUS ALL OF 16
  • Association Fee: $0
  • Taxes and Legal Information : City: Amarillo
  • Taxes and Legal Information : Legal2: WASHINGTON CENTER ADDN LOTBLOCK 0005 17 EXC N 20FT ROW PLUS ALL OF 16
Property
Lot Information
  • Lot Size Area: 18294.0
  • Lot Size Acres: 0.42
  • Living Area Source: Appraisal District
  • Lot Size Square Feet: 18294.0
  • Building Area Total: 0.0
  • Lot Size Units: Square Feet
  • Source of Sq Ft: Appraisal District
Property and Assessments
  • Property Type Label: MultiFamily
  • Floor Plans Count: 0
  • Year Built: 2020
  • Property Information : To Be Auctioned: No
  • Property Information : Style2: Sixplex
  • Property Information : Zone: 0200 - SW Amarillo in City Limits
  • Property Information : Lot Size Square Feet: 18294.0
  • Property Information : NewExisting: Existing
Interior and Exterior Features
Exterior Features
  • Construction Materials: Siding, Brick Veneer
  • Roof: Composition
  • Roof : Composition: Yes
Interior Features
  • Appliances : Dishwasher: Yes
  • Appliances : Microwave: Yes
  • Appliances : Refrigerator: Yes
  • Appliances : Washer Dryer: Yes
  • Cooling: Yes
  • Cooling: Electric, Central Air
Room Information
Room Information
  • Total Bathrooms Source: MLS
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses Information
  • Income : Gross Income: 167857
  • Expenses : Prop Ins Premium: 3500
  • Expenses : Utility Expense: 14621
Unit 1
  • Unit 1 : unit_nbr: 100
  • Unit 1 : Beds Total: 2
  • Unit 1 : Baths Total: 2
  • Unit 1 : Actual Rent: $2,330
  • Unit 1 : square feet: 740
  • Unit 1 : parking: Yes
  • Unit 1 : Furnished: Furnished
  • Unit 1 : stories: 1.0
Unit 2
  • Unit 2 : unit_nbr: 200
  • Unit 2 : Beds Total: 2
  • Unit 2 : Baths Total: 2
  • Unit 2 : Actual Rent: $2,330
  • Unit 2 : square feet: 740
  • Unit 2 : parking: Yes
  • Unit 2 : Furnished: Furnished
  • Unit 2 : stories: 1.0
Unit 3
  • Unit 3 : unit_nbr: 300
  • Unit 3 : Beds Total: 2
  • Unit 3 : Baths Total: 2
  • Unit 3 : Actual Rent: $2,330
  • Unit 3 : square feet: 740
  • Unit 3 : parking: Yes
  • Unit 3 : Furnished: Furnished
  • Unit 3 : stories: 1.0
Unit 4
  • Unit 4 : unit_nbr: 400
  • Unit 4 : Beds Total: 2
  • Unit 4 : Baths Total: 2
  • Unit 4 : Actual Rent: $2,330
  • Unit 4 : square feet: 740
  • Unit 4 : parking: Yes
  • Unit 4 : Furnished: Furnished
  • Unit 4 : stories: 1.0
Unit 5
  • Unit 5 : unit_nbr: 500
  • Unit 5 : Beds Total: 2
  • Unit 5 : Baths Total: 2
  • Unit 5 : Actual Rent: $2,330
  • Unit 5 : square feet: 740
  • Unit 5 : parking: Yes
  • Unit 5 : Furnished: Furnished
  • Unit 5 : stories: 1.0
Unit 6
  • Unit 6 : unit_nbr: 600
  • Unit 6 : Beds Total: 2
  • Unit 6 : Baths Total: 2
  • Unit 6 : Actual Rent: $2,330
  • Unit 6 : square feet: 740
  • Unit 6 : parking: Yes
  • Unit 6 : Furnished: Furnished
  • Unit 6 : stories: 1.0
Rental
Rental Information
  • Term of Tenancy: Other

Property History for 1911 Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1911 Madison Street

This home is within Amarillo Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 5
Public - 2 to 5
Public - 6 to 8
Rating
School
Distance
Carver Early Childhood Academy
PublicPK to 1

Wolflin Elementary School
PublicPK to 5

Carver El Academy
Public2 to 5

Austin Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1911 Madison Street is a multi-family home for sale in Amarillo, TX 79109. This property was listed for sale on September 30, 2024 by Llano Realty, LLC, it's currently listed at $1,095,000. This listing's school district is Amarillo Independent School District. Nearby schools include Carver Early Childhood Academy, Wolflin Elementary School and Carver El Academy. 1911 Madison Street is a 0-bed, 0-bath, multi-family home built in 2020.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Llano Realty, LLC

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.