Contacts
Angel Flores
GREA
(972) 232-2325
Sean Scott
GREA
(972) 996-6233
Ryan Quaid
GREA
(214) 253-4660
Property Details
- Property Type Other
- Units 20
- Year Built 1964
- Date Updated Apr 21, 2024
- Website carmel.sharplaunch.com
Carmel Apartments is a 20-unit, partially renovated multifamily community located in Amarillo in Potter County, Texas. Built in 1964 and situated on .39 acres, the property is improved with a single two-story apartment building with brick siding and flat roofs.
Carmel Apartments offers open and spacious studio, one-, and two-bedroom units featuring full kitchens equipped with white appliances, formica countertops, faux hardwood and carpet flooring, spacious bedrooms, and new paint. Ample open surface parking is provided.
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Highlights
- There are numerous major economic projects slated to add over 4,500 jobs to the local economy in the next few years, including Producer Owned Beef building a $670M facility, as well as a new Amazon Fulfillment Center which will employ 500 people.
- There is an opportunity to add immediate scale by purchasing one or more of the other properties in the portfolio. E.g., West Oaks and Deville and Wolflin are within a short drive from the property.
- Amarillo is the second fastest growing mid-sized city in the nation.
- The property sits below direct competitors in rent and occupancy. New ownership can take a hands-on approach to increase income.
- Amarillo performs exceptionally well during economic slowdowns. The local economy increased 3.8% over Covid while the national economy shrank 2.8%.
Getting around
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Location
- City Amarillo, TX
- Neighborhood Old San Jacinto
- Zip Code 79101
- Market Amarillo
Points of Interest
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Toot'n Totum
0.81 miles
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Valero
0.89 miles
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Toot'n Totum
1.15 miles
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Valero
1.24 miles
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Valero
1.51 miles
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Phillips 66
1.62 miles
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Valero
1.90 miles
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Chevron
1.96 miles
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Valero
1.98 miles
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Phillips 66
2.14 miles
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City of Amarillo Parking Garage
0.93 miles
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Employee Parking Lower Level D&E
3.94 miles
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Patient & Visitor Parking C
3.97 miles
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Employee Parking Lower Level B
4.00 miles
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Patient & Visitor Parking A
4.01 miles
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Employee Parking
4.07 miles
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Harrington Employee Parking
4.12 miles
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Employee Parking
8.09 miles
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Outdoor Parking
8.19 miles
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Rick Husband Parking Garage
8.20 miles
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Courtyard Amarillo Downtown
0.64 miles
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The Barfield, Autograph Collection
0.69 miles
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Embassy Suites
0.96 miles
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Star Lodge
1.28 miles
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Holiday Inn Express & Suites Amarillo
1.31 miles
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Deluxe Inn
1.32 miles
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Wyndham Garden Amarillo
1.38 miles
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Town House Motel
1.48 miles
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Travelodge Amarillo West
1.63 miles
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Motel 6
1.70 miles
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Amarillo International Food Market
1.05 miles
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Market Street United
1.65 miles
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Burlington
2.10 miles
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Walmart Supercenter
2.49 miles
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Walmart Neighborhood Market
2.54 miles
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Amigos
2.99 miles
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United Supermarkets
3.00 miles
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Bealls
3.05 miles
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Big Lots
3.07 miles
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United Supermarkets
3.24 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.