Mobile Home Development Opportunity

Western and North Forest, Amarillo, TX

$1,850,000

Price

52.52%

Cap Rate

$971,700

NOI

Overview
Cap Rate
52.52%
NOI
$971,700
Lot Area
52.5 acres
Description

ideal for developing affordable or low-income housing in high demand. Take advantage of the current zoning for a mobile home park or easily rezone for single-family affordable housing or multifamily housing options. The potential for tax credits makes this an even more enticing investment opportunity. The seller is open to subdivision, offering flexibility for your vision. What sets Western Land apart is its strategic location. The surrounding area boasts a growing population, with over 116,000 residents within a 5-mile radius. The average household income is $58,999, making it an ideal market for affordable housing. Don't miss out on this exceptional opportunity. Contact Josh Langham at 806.392.9912 or jjl@llanoregroup.com to learn more about Western Land and how you can turn this blank canvas into a profitable venture.

Conveniently located within a few miles to access Loop 335 in close proximity to major employers such as Tyson, Pantex, Clements Unit, and Amarillo's Hospital system.

City Water Available

Documents

Location
Gallery