www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31997199
31996938

1031 North Sumner Street, Pampa, TX 79065

KC
TX TX 604402
FIMC Commercial Realty
Listed by FIMC Commercial Realty
$2,950,000
37 days on market
Updated 21 days ago

Courtyard Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,600
Units 48
Cap Rate 9.43%
NOI $278,047
Occupancy 97.9%
Tenancy Multi
Pro-Forma Cap Rate 10.17%
Pro-Forma NOI $300,000
Price per SqFt $168
Year Built 1979
Year Renovated 2023
Buildings 1
Investment Type Value Add

Multifamily | 48 Units | $61,458/unit

Marketing description

The Courtyard Apartments are a 48-unit multifamily asset located one block off of Pampa's main north/south thoroughfare Highway 70. The apartments are less than a mile from the geographic center of the City of Pampa. The property is surrounded by other similar style rentals and residential homes.

The property is easily accessible to Highway 70 and Highway 60. Nearby businesses include, AutoZone, Pantex Federal Credit Union, EZ Pawn, Hobby Lobby, Tractor Supply, Walmart and numerous regional and national restaurants and hotel chains.

The property offers investors a stabilized, high-yield investment with strong in-place cash flow and measurable upside potential. The property is currently operating at 98% occupancy with consistent rent collections and diversified tenant base. Based on trailing twelve-month operations, the asset generates $369,502 in gross income and $278,047 in net operating income, delivering strong current yield.

With in-place rents below market levels and operational efficiencies available, investors have the opportunity to increase NOI through rent growth, expense optimization, and improved tenant quality.

This offering presents a rare opportunity to acquire a cash-flowing asset at a double-digit going-in yield in a supply-constrained secondary market.

Investment highlights

  • Strong in-place yield
  • High occupancy
  • Below market rents
  • Value-add upside
  • Stable secondary market

Listing Contacts

KC
TX TX 604402
FIMC Commercial Realty
Listed by FIMC Commercial Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,047.00
$23,170.58/mo

Valuation Metrics

0
DSCR
9.43%
Cap Rate
9.43%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Kirk Chudej
License
TX 604402
Brokerage Phone
8063587151
Title
TX
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591