Amarillo, TX, 79118, Amarillo, TX, 79118

Description

📍 Amarillo, TX 79118 🏘 3 Units on 5.57 Acres | Zoned Residential/Commercial | Income-Producing Property 💰 Purchase Price: $700,000 📌 Tax Assessed Value: $288,263 💥 EMD: $7,000 💸 Seller Financing Terms • 💵 Down Payment: $140,000 (20%) • 💰 Interest Rate: 3% • ⏳ Balloon Term: 10 Years • 🔁 Amortization: 30 Years • 🚫 No HOA | ✅ No Restrictions 🔐 Estimated Entry Cost • 💵 Down Payment: $140,000 • 💥 Entry Fee: $5,000 • 🧾 Estimated Closing Costs: ~$8,000 ➡️ Total Entry Cost: ~$153,000 🧾 Estimated Monthly Costs • 💵 P&I: ~$2,360 • 🧾 Property Taxes: ~$887 • 🔒 Insurance: ~$233 (estimate – buyer to verify) ➡️ Total Est. Monthly Cost (PITI): ~$3,480 (+ maintenance) 🏷️ Highlights ✅ 3 units: (3BR/1BA house + 3BR/2BA mobile + 2BR/1BA farmhouse) ✅ All units have separate septic + central HVAC ✅ Shared water well + newer roofs ✅ 2.5+ acres of buildable land — add RV pads, more units, tiny homes ✅ Zoned for commercial or residential use ✅ All units currently rented — income-producing from day 1 💸 Estimated Rent Comps (Subject to Buyer’s Due Diligence) • Unit 1 (3/1): $1,250–$1,400 • Unit 2 (3/2): $1,100–$1,300 • Unit 3 (2/1): $900–$1,100 ➡️ Total Monthly Rent Range: ~$3,250–$3,800 🔄 Exit Strategies • LTR / MTR / STR • Add more dwellings • Resell after improvements • Land bank or long-term hold 📲 DM for walk-through video, full financials, or to walk the deal ✅ Seller Financing | No HOA | Multi-Unit | Expandable Land