- Paper Lots Are Available - For more Info Contact Us!
- New construction Build-for-Rent homes in a strong market with supply constraints
- Strong lease-up velocity, given a limited supply of available homes
- Seller is a seasoned local developer/builder with 20+ years’ of experience in Amarillo
- Optionality for investors on the acquisition here may purchase land and contract with developer/builder to develop horizontal and vertical construction or forward commit to purchase homes in monthly tranches at C.O.
- Investment offers two distinct floor plans, with 60 attached townhomes and 21 detached homes
- All homes are 3-bed, 2-bath homes with attached 2-car garages
- Horizontal development can begin as early as Q2 2024
- The first tranche of homes delivered at C.O. is anticipated to be in Q4 2024 /Q1 2025
- Opportunity to purchase new construction homes below the median market average
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Property Description
This property features valuable frontage on both Western and Tulia Streets, providing multiple access points and strong visibility. An alleyway separates the tract from the residential property behind, offering additional privacy and flexibility in site planning. Zoned for office use, the site is well-suited for professional offices such as insurance, real estate, or medical services.