For Sale
Veranda Gardens
4301 Southwest 51st Avenue,
Amarillo, TX 79109
Amarillo, TX 79109
Asset Snapshot
Upper Mid-Scale
Multifamily Subtype
1975
Year Built
2
Floor Count
2
Building Count
162
Parking Spots
2.87 Acres
Land Area
112 Units
Unit Count
83,440 SF
Property Size
Offering Summary
Investment Overview
As exclusive advisors, Lee & Associates and Gaut Whittenburg Emerson present Veranda Gardens, a 112-unit garden-style multifamily community in Amarillo, Texas. Ownership invested over $1.9MM in capital improvements in 2023-2024, repositioning the physical plant and leaving a new owner a light, operations-driven value-add: lease up the remaining vacant units, bring rents to market on turnover, and expand the RUBS program.How it Works
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Listing Syndicated From
Accepting Offers
$5,998,000
Asking Price
Investment Sales Broker
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