12
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$2,800,000
Est. payment /mo
34,257 SqFt
Active
120 S RUSSELL ST Pampa, TX 79065
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 34,257 sqft
Price per Sqft $81
MLS Listing ID 26-6934
Year Built 1928
Source Amarillo Association of REALTORS®
Property Description
Schneider House is a 54-unit apartment community in Pampa, Texas, Currently 88% occupied and generating in-place income across a stable, long-tenured resident base. An independent appraisal valued the property at $2.6M (As Is) even before ownership's recent capital improvements were completed, establishing a solid value floor ahead of the CapEx Program. Positive cashflow improvements can be made to monthly rent increases and utility bill backs.
Owner will look at financing with favorable terms.
Owner will look at financing with favorable terms.
Location
State TX
County Gray
Area 7220 - Pampa
Zoning 7000 - All areas in the 7000's
Direction On the corner of S Frost and E Foster in Pampa TX.
Interior
Appliance Refrigerator, Oven
Exterior
Amenities Available Elevator(s), Central Laundry, Communty Center
Listed Jarec Pace • Pace Realty Group
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