Reserve at Forty-Seven — Sale in Amarillo, TX

  • Price: $4
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Amarillo, TX 79109
  • Year built: 1983

Photos

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Description

Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Reserve at Forty-Seven (the “Property”), a 432-unit, value-add community located in Amarillo, TX. The Property offers a compelling opportunity to capture meaningful rental upside through the renovation of 213 remaining classic units, building on a capital improvement program that has already transformed 219 units and increased rental income by 39% since March 2021. $3.5 million invested across exteriors, shared resident spaces, and interior upgrades has delivered measurable results, with select renovated units achieving premiums as high as $138 while the broader comp set continues to offer significant runway. Ideally located near Amarillo’s largest employment and retail centers, The Reserve at Forty-Seven is well-positioned for continued rent growth and long-term value creation.

Market Context

This multifamily in Amarillo, TX is listed for sale at $4. The building dates to 1983. Compare it against other multifamily listings for sale in Amarillo, TX — view the full market.

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