Broadstone Apartments | 1410 SW 9th Ave
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Broadstone Apartments 1410 SW 9th Ave
33 Unit Apartment Building $1,975,000 ($59,848/Unit) 6.68% Cap Rate Amarillo, TX 79101
Executive Summary
Under market rents, new owner can implement RUBS, $645,000 in Cap Ex since 2021
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,975,000 | Building Class | C |
| Price Per Unit | $59,848 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 17,100 SF |
| Cap Rate | 6.68% | Average Occupancy | 97% |
| No. Units | 33 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Garden |
| Price | $1,975,000 |
| Price Per Unit | $59,848 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 17,100 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2021 |
| Parking Ratio | 1.04/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $625.00 | 450 |
| 1+1 | 12 | $775.00 | 750 |
| 2+1 | 9 | $825.00 | 900 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $548,530 | |
| Land Assessment | $16,205 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $532,325 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,205
Improvements Assessment
$532,325
Total Assessment
$548,530
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | MF1 |
| MF1 |
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Broadstone Apartments | 1410 SW 9th Ave
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