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Veranda Gardens 4205 SW 51st Ave 112 Unit Apartment Building For Sale Amarillo, TX 79109
Investment Highlights
- Over 1.96MM in Capital Improvements
- Offered Free and Clear of Existing Debt; Flexible Financing Supported
- Amenities And Location Support Resident Retention and Rent Growth
- Clear Value-Add Path Via Upgrades
- Strong Workforce Housing with Historically High Occupancy Submarket
Executive Summary
As exclusive advisor, MMG Real Estate Advisors presents Veranda Gardens, a 112 unit garden-style multifamily community in the Amarillo, TX market. Veranda Gardens offers durable in-place operations and a clear path to value creation through targeted interior upgrades and operational optimization. The smaller scale and straightforward physical plant support efficient execution and flexible financing options tailored to today’s capital markets.
Amarillo’s diverse employer base, constrained new supply, and accessible transportation network underpin stable occupancy and rent growth potential. Veranda Gardens’ community amenities and proximity to daily conveniences position the property to capture workforce demand and enhance resident retention with modest, high-ROI improvements.
Amarillo’s diverse employer base, constrained new supply, and accessible transportation network underpin stable occupancy and rent growth potential. Veranda Gardens’ community amenities and proximity to daily conveniences position the property to capture workforce demand and enhance resident retention with modest, high-ROI improvements.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 3.00 AC |
| No. Units | 112 | Building Size | 83,440 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.94/1,000 SF |
| Building Class | C | ||
| Zoning | GR - General Residential | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 83,440 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2024 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | GR - General Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $694.00 | 400 |
| 1+1 | 64 | $809.00 | 592 |
| 2+1 | 5 | $989.00 | 784 |
| 2+1.5 | 32 | $955.00 | 992 |
| 3+2 | 7 | $1,189 | 1,184 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R-086-3500-6170-0 | Improvements Assessment | $2,735,775 (2025) |
| Land Assessment | $250,034 (2025) | Total Assessment | $2,985,809 (2025) |
Property Taxes
Parcel Number
R-086-3500-6170-0
Land Assessment
$250,034 (2025)
Improvements Assessment
$2,735,775 (2025)
Total Assessment
$2,985,809 (2025)
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Veranda Gardens | 4205 SW 51st Ave
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