2
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$6,000,000
Est. payment /mo
Active Under Contract
3401 N Vernon ST Amarillo, TX 79107
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Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 25-1924
Year Built 1965
Source Amarillo Association of REALTORS®
Property Description
Rare investment opportunity, with amazing cash flow and low maintenance expenses! Paradise Hills Mobile Home Park, is 123 lots, an office and a duplex located right off Grand St. in Amarillo, TX. The park is on City streets and city water reducing the maintenance expenses, this sale is for the lots only. The property is 100% full with each lot paying $400 per month! It's being offered at a 9.04% cap rate on actual numbers meaning the NOI is over $540K per year!
Location
State TX
County Potter
Area 0331 - Mesa Verde
Zoning 0300 - NE Amarillo in City Limits
Direction Go north on Grand passed NE 24th property is on the east side of Grand.
Listed Kirk Chudej • FIMC Commercial Realty