Built in 1974 and 1983, Buffalo Springs is a well-occupied property consisting of a total of 411 units in Amarillo, Texas.
Current rents at Buffalo Springs are nearly $200 below the average of nearby comparables, creating immediate upside for a new buyer.
The new investor has the opportunity to implement a value-add program throughout the property to provide an increase in rental rates and attract a steady stream of future tenants.
The assets feature community amenities such as three swimming pools, lighted basketball courts, and sand volleyball court.
