$2,400,000

Multi Family In Littlefield

  • Updated: May 5
  • 1
    Views for last 30 days
  • Source:
    Amarillo Association of REALTORS  MLS#26-3673

About the Property

Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate.

The property consists of 45 units and is currently operating at approximately 93% occupa
Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate.

The property consists of 45 units and is currently operating at approximately 93% occupancy with strong collections and consistent income performance. Current ownership has maintained the asset, but rents remain below market averages, creating an opportunity for investors to increase NOI through strategic rent adjustments.
  • Property type

    Other

  • Year built

    1970

Explore the Area

1100 S Wicker Avenue, Littlefield, Texas, United States View on Google Maps
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FIMC Commercial Realty - AMARILLO

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FIMC Commercial Realty - AMARILLO
Texas, United States
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4
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2025
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FIMC Commercial Realty - AMARILLO
AMARILLO, Texas, United States
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Last updated
May 5
First listed
May 5
Listing reference
26-3673
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