Carmel Listing Details & Market Data

1002 SW 11th Avenue, Amarillo, TX 79101

  • For Sale $950,000
  • Property Type Other
  • Units 20
  • Year Built 1964
  • Date Updated Apr 26, 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%.

Contacts

broker

Angel Flores

GREA

(972) 232-2325

broker

Sean Scott

GREA

(972) 996-6233

broker

Ryan Quaid

GREA

(214) 253-4660

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (52)

  • Transit Score ®

    Some Transit (31)

  • Bike Score ®

    Somewhat Bikeable (49)
Powered by Walk Score ®
  • 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

  • Youngblood's Cafe

    0.41 miles

  • Downtown Deli

    0.54 miles

  • TRINITY'S

    0.56 miles

  • Shi Lee's Barbecue and Soul Food Cafe

    0.57 miles

  • Furrbie's

    0.63 miles

  • Sunday's Kitchen

    0.68 miles

  • Dairy Queen

    0.72 miles

  • Firehouse Subs

    1.15 miles

  • Donut Stop

    1.16 miles

  • Sushi House

    1.18 miles

  • Saint Marys Academy

    0.14 miles

  • McKinley School

    0.21 miles

  • Nixson Junior High School

    0.66 miles

  • Bivins Elementary School

    0.76 miles

  • Wolflin Elementary School

    0.83 miles

  • Northwest Texas Hospital School of Nursing

    0.89 miles

  • Saint Andrews

    1.02 miles

  • Amarillo College

    1.06 miles

  • North Heights Alternative School

    1.18 miles

  • Austin Middle School

    1.41 miles

  • Children's Circle of Friends

    2.08 miles

  • Imagination Station

    6.16 miles

  • Unique Individuals

    6.52 miles

Contact Carmel