This Could Be Amarillo’s Least Expensive House, With Repairs It’s Still Cheaper Than Renting
Ok, So I'll admit we have brought the spotlight to some really nice homes here in the yellow city with some pretty hefty price tags. But if you don't need a house with a million dollar plus price tag, or like me work for a living, there are a plenty of homes in Amarillo that wont break the bank leaving you a little money to go out on the town. This little charmer in San Jac might be so inexpensive, your utility bills might just be higher than your mortgage. If you have $22,000 laying around, I have just the bargain for you.
411 N. Alabama
This little 1 bedroom 1 bath charmer has 672 square feet of open floor plan conveniently off off Amarillo Blvd. just moments away from the bright lights of downtown and just a quick drive from the medical district. The home was built in 1946 and offers all the amenities you could ask for such as walls, doors and a roof and with a little TLC this could be a great starter or investment property. The grass walkup with concrete has that going for it too.
According to the Potter County tax rolls for 2020, the assessed value was about $36,800 putting it's annual bill just north of 900 bucks, and factor in a mortgage? You're looking at roughly $110-120 a month, Have you seen rent prices lately if you could even get an apartment with the shortage going on? This is your chance to actually own and have equity in property. There's no HOA hassle either on this property, just good ol' Amarillo Code enforcement.
Ok, I know you're just dying to look inside...
The first thing here, There's some space! and tile floor, I love the fact that I don't have to spend the day vacuuming this high traffic area. The ceiling fan adds value by circulating air putting a lot less strain on AC keeping your bills in check if you were to install a system. A coat of paint here and you got yourself a room!
Yep, It's an eat in Kitchen, I wont lie it's actually bigger than the one in my apartment, theres plenty of upgrade potential here and some sheet rock work that needs to be done. but at the price you get what you pay for. The Metal cabinets could easily be refurbished to keep the vintage asthetic.
Ok, Bedroom isn't anything to write home about but lots of natural light, a little TLC with paint, flooring and a ceiling fan and you have a great retreat at the end of the day .
This might be the original towel rack that came with the construction! talk about vintage flair! looks like paint went into this room recently. a rework of the shower could open the space up quite a bit.
Again, for 22,000 dollars you get what you get, clearly new roofing is needed here and the bathroom window could be expanded to it's original state with frosted glass for privacy. it looks like new lines were recently installed which also takes some of the burden out of remodeling. Vinyl siding could be a huge upgrade here. The lawn looks like a little water and fertilizer could take it a long way.
It comes with a shed too
The shed is a little sketch, but it could easily come down and add more yard space, or refurb it to make the workshop of your dreams! close off the back with fencing and a few shade trees could help cool the property down during hot Amarillo summers.
This is a Fannie Mae foreclosure property which means the bank owns it but that doesn't make it any harder to purchase, with the HomePath program usually you can get into this with as little as 3% down, (about $660), again it's as is. so don't expect any repairs from the seller and you have to be in within 60 days of closing as a first time buyer to qualify.
You could just go straight cash... that works fine too and we even have a few tips on home and garden projects right now with our virtual show.
If cheap isn't your thing and you wanna splurge on a move in ready house I got you too: