Description
The Courtyard Apartments offer a 48-unit multifamily investment just one block off Highway 70 in Pampa, TX, with easy access to Highway 60 and nearby national retailers including Walmart, Tractor Supply, and Hobby Lobby. The property is 98% occupied with consistent collections and a strong tenant base. Trailing twelve-month performance shows $369,502 in gross income and $278,047 in NOI, delivering solid in-place cash flow. With below-market rents and operational upside, investors can increase NOI through rent growth and efficiencies. A rare opportunity to acquire a stabilized, high-yield asset in a supply-constrained market.
Details
| Listing Number | 26-3459 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 166 |
| Listing Provided By | FIMC Commercial Realty | Kirk Chudej |
Features
| SQ Feet | 51,064 |
|---|---|
| Zoning | 7000 - All areas in the 7000's |
Area Information
| State | TX |
|---|---|
| County | Gray |
| City | Pampa |
| Zip Code | 79065 |
| Area | Pampa |
| Subarea | Pampa |
| Listing VS Median (in 79065) | |
Price: $2,950,000 low | high Med: $148,100 sqft: 51,064 low | high Med: 1,834 $ / sqft: $58 low | high Med: $81 On site: 166 low | high Med: 37 | |
Market Activity 79065
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Learn More About This Property
| State | TX |
|---|---|
| County | Gray |
| City | Pampa |
| Zip Code | 79065 |
| Area | Pampa |
| Subarea | Pampa |
| Listing VS Median (in 79065) | |
Price: $2,950,000 low | high Med: $148,100 sqft: 51,064 low | high Med: 1,834 $ / sqft: $58 low | high Med: $81 On site: 166 low | high Med: 37 | |
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