Log In/Sign Up
Your email has been sent.
Courtyard Apartments 1031 N Sumner St 48 Unit Apartment Building $4,010,525 CAD ($83,553 CAD/Unit) 9.43% Cap Rate Pampa, TX 79065
Investment Highlights
- Strong in-place yield
- Below market rents
- Stable secondary market
- High occupancy
- Value-add upside
Executive Summary
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.
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,010,525 CAD | Building Class | C |
| Price Per Unit | $83,553 CAD | Lot Size | 1.53 AC |
| Sale Type | Investment | Building Size | 24,801 SF |
| Cap Rate | 9.43% | Average Occupancy | 98% |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2008 |
| Property Subtype | Apartment | Parking Ratio | 3.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | F1 | ||
| Price | $4,010,525 CAD |
| Price Per Unit | $83,553 CAD |
| Sale Type | Investment |
| Cap Rate | 9.43% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 24,801 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2008 |
| Parking Ratio | 3.22/1,000 SF |
| Zoning | F1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 400 - 500 |
| 2+1 | 8 | - | 500 - 600 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 110307201671400000000 | Total Assessment | $999,532 CAD (2025) |
| Land Assessment | $41,873 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $957,659 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
110307201671400000000
Land Assessment
$41,873 CAD (2025)
Improvements Assessment
$957,659 CAD (2025)
Total Assessment
$999,532 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
1 of 80
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Courtyard Apartments | 1031 N Sumner St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.