Courtyard Apartments

Multi-Family for Sale
Catylist Listing ID: 30756611
Property Subtypes: Low-Rise/Garden
Number of Units: 48 Units
Building Size (RSF): 22,400 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Building Name: Courtyard Apartments
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

Courtyard Apartments is a two-story 48 unit apartment community located in Pampa, TX. It’s brick construction, has pitched roofs, and is made up of forty 1BR units and eight 2BR units. There is opportunity for rent growth and to start allocating utilities back to the tenant by implementing a RUBS system.

Pampa is located in the eastern Texas Panhandle approximately 55 miles northeast of Amarillo, Tx. It is centrally located in the U.S. at the crossroads of U.S. HWY 60 and Texas HWY 70. Texas HWY 152 also crosses through Pampa and I-40 is only twenty minutes to the south intersecting with HWY 70. In addition, it is on the main east / west BNSF Rail line between Chicago and Los Angeles. This rail line serves the Pampa EDC industrial park, and Pampa Energy Center. Due to Pampa’s location and natural resources, there is a diversified economy which includes the following industries: agriculture, distribution, manufacturing, oil & gas, transportation, wind energy, healthcare, education, and retail.

Additional Details

Nearest MSA: Pampa
County: Gray
Tax ID/APN: 8920
Percent Occupied: 77%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1979
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,506 17,997 17,997
Median Age: 37.79 37.06 37.06
Households: 3,465 7,065 7,065

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