OFF MARKET - Amarillo, Texas

[Chris Terborg]

Amarillo Deal Summary

Property: 3602 E Amarillo Blvd, Amarillo, TX 79107

Current Market Value: $1,523,148.76 (7.26% cap rate)

Stabilized Value: $1,846,644

Selling Price: $995,000

Value-Add Potential – Kitchenette Addition

• Plan: Install 12 kitchenettes across remaining units

• Cost: $125,000 (materials & labor)

• Projected Rent Increase:

• 21 Studio Units: $813/month = $17,073

• 2 One-Bed Houses: $1,904

• Total Gross Rent: $18,977/month

Financial Projections

• Adjusted NOI (90% occupancy, 40% expenses): $11,172/month

• Annual NOI: $134,064

• Projected Valuation (at 7.26% cap rate): $1,846,611