Garden Courtyard Apartment Complex with Storage Units
1550 Bell Street Amarillo, Texas 79106
- 121,116 Square Feet
- For Sale
The property is a mixed-use garden-courtyard development in Amarillo, Texas consisting of a 168-unit apartment complex and a 17,240 square-foot, 116 unit self-storage complex. The multifamily and self-storage components were built in 1984 and 1993 respectively, with strong value-add potential yet to be realized through management efficiency and interior upgrades.
Building Size: 121,116 Square Feet
Area Available: 121,116 Square Feet
- Value-add opportunity through un-realized rent increases and interior upgrades
- Net Rentable Area: 121,116 sqft: 721 avg.
- Year Built: 1984
- Stabilized at 95% occupancy
- 168 multifamily units with 116 self-storage units on site
- Less than one mile from the Amarillo Medical Center
- Excellent physical condition - Roof and gutters replaced in 2013 along with exterior and seal coat parking lot in 2014
- Excellent visibility along high-traffic thoroughfare with immediate access to Interstate 40