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Amarillo 48-Unit Cash Gusher With 10%+ Cap | $2.5M

4101 Republic Ave, Amarillo
ROI
37.91% IRR
Strategy
Long Term Rental
$33,725 per month is already coming in, with market rent of $36,925 once the remaining four units are filled. This stabilized 48-unit apartment building is 91.7% occupied, professionally managed, and produced $238,264 in trailing NOI, with a Class IV roof replaced in 2023. At a likely $2.5M purchase price, the existing NOI puts the deal above a 9.5% cap before capturing the remaining rent upside. I would open around $2.4M and expect this to get done near $2.5M.

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Amarillo 48-Unit Cash Gusher With 10%+ Cap | $2.5M

Listed 05/21/2026

4101 Republic Ave, Amarillo

Purchase Price:$2,500,000

Cash Outlay:$675,000

Cashflow:$11,639/mo

Cap Rate:11.42%

IRR:37.91%

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