48-Unit Multifamily in Pampa, TX

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.

Multifamily | 48 Units | $61,458/unit