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.
Pampa is located in Texas. Pampa, Texas has a population of 16,817. Pampa is more family-centric than the surrounding county with 35.1% of the households containing married families with children. The county average for households married with children is 34.92%.
The median household income in Pampa, Texas is $48,010. The median household income for the surrounding county is $50,635 compared to the national median of $69,021. The median age of people living in Pampa is 35.3 years.
The average high temperature in July is 92.7 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 23 inches per year, with 17.8 inches of snow per year.
