Rare investment opportunity, with amazing cash flow and low maintenance expenses! Paradise Hills Mobile Home Park, is 123 lots, an office and a duplex located right off Grand St. in Amarillo, TX. The park is on City streets and city water reducing the maintenance expenses, this sale is for the lots only. The property is 100% full with each lot paying $400 per month! It's being offered at a 9.04% cap rate on actual numbers meaning the NOI is over $540K per year!
Under contract
Price cut: $200K (4/4)
$6,000,000
3401 N Vernon St, Amarillo, TX 79107
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
City waterCity streets
- 65 days
- on Zillow |
- 128 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 01:28pm
Listed by:
Kirk Chudej 806-358-7151,
FIMC Commercial Realty
Source: AMMLS,MLS#: 25-1924

Travel times
Facts & features
Interior
Interior area
- Total structure area: 0
Property
Details
- Parcel number: R044930063640
- Zoning description: 0300 - NE Amarillo in City Limits
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1965
Community & HOA
Location
- Region: Amarillo
Financial & listing details
- Tax assessed value: $298,041
- Annual tax amount: $6,196
- Date on market: 2/20/2025
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