Carmel

For Sale

1002 SW 11th Avenue, Amarillo, TX 79101

This Amarillo property for sale is located at 1002 SW 11th Avenue. The current listed sale price for Carmel is $950,000.

Contacts

broker

Angel Flores

GREA

(972) 232-2325

broker

Sean Scott

GREA

(972) 996-6233

broker

Ryan Quaid

GREA

(214) 253-4660

Property Details

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

  • 52/100

    Walk Score ®

  • 31/100

    Transit Score ®

  • 49/100

    Bike Score ®

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Location

  • City Amarillo, TX
  • Neighborhood Old San Jacinto
  • Zip Code 79101
  • Market Amarillo

Points of Interest

  • Toot'n Totum

    0.81 miles

  • Valero

    0.89 miles

  • Toot'n Totum

    1.15 miles

  • Valero

    1.24 miles

  • Valero

    1.51 miles

  • Phillips 66

    1.62 miles

  • Valero

    1.90 miles

  • Chevron

    1.96 miles

  • Valero

    1.98 miles

  • Phillips 66

    2.14 miles

  • City of Amarillo Parking Garage

    0.93 miles

  • Employee Parking Lower Level D&E

    3.94 miles

  • Patient & Visitor Parking C

    3.97 miles

  • Employee Parking Lower Level B

    4.00 miles

  • Patient & Visitor Parking A

    4.01 miles

  • Employee Parking

    4.07 miles

  • Harrington Employee Parking

    4.12 miles

  • Employee Parking

    8.09 miles

  • Outdoor Parking

    8.19 miles

  • Rick Husband Parking Garage

    8.20 miles

  • Courtyard Amarillo Downtown

    0.64 miles

  • The Barfield, Autograph Collection

    0.69 miles

  • Embassy Suites

    0.96 miles

  • Star Lodge

    1.28 miles

  • Holiday Inn Express & Suites Amarillo

    1.31 miles

  • Deluxe Inn

    1.32 miles

  • Wyndham Garden Amarillo

    1.38 miles

  • Town House Motel

    1.48 miles

  • Travelodge Amarillo West

    1.63 miles

  • Motel 6

    1.70 miles

  • Amarillo International Food Market

    1.05 miles

  • Market Street United

    1.65 miles

  • Burlington

    2.10 miles

  • Walmart Supercenter

    2.49 miles

  • Walmart Neighborhood Market

    2.54 miles

  • Amigos

    2.99 miles

  • United Supermarkets

    3.00 miles

  • Bealls

    3.05 miles

  • Big Lots

    3.07 miles

  • 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.

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