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2601 North Grand Street
Amarillo, TX 79107
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
<p><strong>ATTRACTIVE ASSUMABLE DEBT – FIXED 3.57% RATE </strong></p><p>The Property offers an assumable Freddie Mac loan at a favorable 3.57% fixed interest rate with approximately 39 months of fixed-rate term remaining, after which the loan transitions to a floating rate. The current balance is just south of $5.5 million. This is a rare opportunity to capitalize on an extraordinarily cheap debt, resulting in stronger cash flows.</p><p></p><p><strong>LIMITED MARKET COMPETITION – STRONG RENT & O
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
