31
See all 31 photos
$2,950,000
Est. payment /mo
51,064 SqFt
Active
1031 N SUMNER ST Pampa, TX 79065
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 51,064 sqft
Price per Sqft $57
MLS Listing ID 26-3459
Year Built 1979
Source Amarillo Association of REALTORS®
Property 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.
Location
State TX
County Gray
Area 7220 - Pampa
Zoning 7000 - All areas in the 7000's
Direction From Hobart turn on Somerville then left on N Sumner. Property is on your right.
Exterior
Roof Type Composition
Building
Structure Type Brick Veneer
Listed Kirk Chudej • FIMC Commercial Realty
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION