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Belmont Apartments 4101 Republic Ave 48 Unit Apartment Building $2,700,000 ($56,250/Unit) 8.82% Cap Rate Amarillo, TX 79109
Investment Highlights
- Secure access and controlled entry to on-site laundry
- Eff cient unit layouts encourage long-term tenancy
- Value-add opportunity through selective interior upgrades and Class IV Roof replaced 2023
- Ample paved parking accommodates residents and guests
- Dedicated on-site management office supports operational oversight
- Immediate proximity to key arterial routes within Amarillo
Executive Summary
4101 Republic Avenue offers a compelling Class C multifamily value-add opportunity with a stable in-place income stream and clear upside potential. The property features a functional unit mix and efficient layout that supports consistent occupancy.
Property Facts
| Price | $2,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $56,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.37 AC |
| Cap Rate | 8.82% | Building Size | 22,080 SF |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2023 |
| Property Subtype | Apartment | Parking Ratio | 3.84/1,000 SF |
| Zoning | LC | ||
| Price | $2,700,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| Cap Rate | 8.82% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.37 AC |
| Building Size | 22,080 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2023 |
| Parking Ratio | 3.84/1,000 SF |
| Zoning | LC |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Pet Play Area
- Wi-Fi
- Community-Wide WiFi
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 400 |
| 2+1 | 8 | - | 600 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R-086-3450-0455 | Improvements Assessment | $1,055,916 |
| Land Assessment | $119,354 | Total Assessment | $1,175,270 |
Property Taxes
Parcel Number
R-086-3450-0455
Land Assessment
$119,354
Improvements Assessment
$1,055,916
Total Assessment
$1,175,270
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Belmont Apartments | 4101 Republic Ave