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Under contract
  • Price cut: $200K (4/4)
    $6,000,000

    3401 N Vernon St, Amarillo, TX 79107

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    City waterCity streets
    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!
    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#: 25-1924MLS Logo
    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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