Garden Courtyard Apartment Complex with Storage Units

1550 Bell Street Amarillo, Texas 79106

  • 121,116 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

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

Features:

  • 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
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