Veranda Gardens
$5,998,000
4301 Southwest 51st Avenue, Amarillo, TX 79109
83,440 sqft
Building Size
2.87 acres
Lot Area
Details:
Description:
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.
Veranda Gardens is well-located at 4301 SW 51st Avenue, Amarillo, TX 79101, one of the most stable and high-demand residential submarkets in the Texas Panhandle. The property sits within two miles of Westgate Mall, less than five minutes from both I-27 and I-40, and is surrounded by daily conveniences including United Supermarkets, CVS, major national retail and dining brands, and local banking.
Gas/Electric: Tenant RUBS
Water/Sewer/Trash: Tenant TUBS
Cable/Internet: Tenant
Documents:
| Title | ||
|---|---|---|
| 4301_SW_51st_Ave_Amarillo_-_OM__1_.pdf |
Location
Gallery
