4301 Southwest 51st Avenue
Property Description
As exclusive advisors, Lee & Associates and Gaut Whittenburg Emerson present Veranda Gardens, a 112-unit garden-style multifamily community in Amarillo, Texas. Ownership invested over $1.9MM in capital improvements in 2023-2024, repositioning the physical plant and leaving a new owner a light, operations-driven value-add: lease up the remaining vacant units, bring rents to market on turnover, and expand the RUBS program.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,998,000 |
| No. of Units: | 112 |
| Year Built: | 1975 |
| Lot Size: | 2.87 Acres |
| Opportunity Zone: | No |
| Price per unit: | $53,554 |
| Property Website | Click Here |
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