Courtyard

1031 N Sumner St Pampa, TX 79065

1031 N Sumner St, Pampa, TX, 79065
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,400,000
Last Verified:
Oct 24, 2024

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Highlights

  • Opportunity to increase revenue through RUBS.
  • Opportunity to decrease water bill through water conservation program.

Description

The Courtyard Apartments is a two-story 48 unit apartment community located in Pampa, TX. It’s brick construction, has pitched roofs, and is made up of 40 one bedroom units and 8 two bedroom units. There is an immense opportunity to start allocating utilities back to the tenant by implementing RUBS.

Pampa is located in the eastern Texas Panhandle approximately 55 miles northeast of Amarillo, Tx. It is centrally located in the U.S. at the crossroads of U.S. HWY 60 and Texas HWY 70. Texas HWY 152 also crosses through Pampa and I-40 is only twenty minutes to the south intersecting with HWY 70. In addition, it is on the main east / west BNSF Rail line between Chicago and Los Angeles. This rail line serves the Pampa EDC industrial park, and Pampa Energy Center. Due to Pampa’s location and natural resources, there is a diversified economy which includes the following industries: agriculture, distribution, manufacturing, oil & gas, transportation, wind energy, healthcare, education, and retail.


Year Built: 1979
Building Size: 51064sq ft
Lot Size: 1.6 acres


Documents

Execute Buildout CA

Map of 1031 N Sumner St, Pampa, TX, 79065

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

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