620 W Amarillo Blvd
- Intense Recent Renovations
- Offered at over an 8% cap on T3 Financials
- Conveniently Located Near multiple Major Highways
Property Description
La Luna Luxury Suites is a 22 unit motel-turned-multifamily property with convenient access to both major national and state highway systems. Current ownership has contributed roughly $264k in recent renovations towards the plumbing, unit upgrades, exterior improvements, and other vital items. This offers new ownership to purchase the property with the heavy-lift items taken care off, allowing new owners to purchase a cash flowing property while maintaining the ability to add value through minimal capital investment.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 22 |
| Year Built: | 1957 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout