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$89,000

1609 N Adams Street, Amarillo, TX, 79107

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths694 Sq Ft
price_per_sqft$128.24 / sqft
Year BuiltBuilt in 1918

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Heating Floor/WallHeating Floor/Wall

Exterior

Lot Size14,375 sqft

Building Information

Year Built1918
Stories1
Roof Type105

Land Information

APNR-052-5000-0980
SubdivisionNorth Heights Addn
Land UseResidential
Legal DescriptionNORTH HEIGHTS ADDN, BLK 0006, 2 AND 3, 0.1600 ACRES
Census Tract014800
Assessed Land Value$10,000
Assessed Improvement Value$55,255
Assessment Year2025

About this property

Investor special priced to sell at $57 per ft. Listing Includes both 1609 and 1605 N Adams! Single one bedroom home, triplex with four bedrooms, and additional double lot. All units are rented. $1450 cash flow all bills paid with approximate 8-11% cap rate depending on utilities. Property needs some work and is being sold as is. Newer roof and water heater, Plenty of potential! Cashflow as is, rehab, or build on additional lot. Tenants are stable and would prefer to stay.

Investor Tools

$0Estimated Mortgage Balance
$74,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$534 /month
Positive
Cash Flow Estimate:
$178 /month

Interested in this property?

Sally Jennings

Keller Williams Realty Amarillo

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,193
$65,255
2025
$10,000
$55,255
$65,255
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,193
$65,255

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$74,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$972/mo
N/A
+$972/mo
15.8%

City: Amarillo