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Dimmitt Apartments 622 NW 5th St 24 Unit Apartment Building $1,768,416 CAD ($73,684 CAD/Unit) Dimmitt, TX 79027
Investment Highlights
- 3.83-acre multifamily site with multiple buildings and redevelopment potential.
- Accessible location near U.S. Highway 385, connecting to Amarillo and Lubbock.
Executive Summary
This multifamily property in Dimmitt, Texas, spans 3.83 acres and includes multiple residential buildings totaling approximately 19,398 square feet. Constructed in 1988, the asset offers a low-density layout with ample open space, making it suitable for repositioning or redevelopment strategies.
Located within Castro County, the property benefits from proximity to U.S. Highway 385, providing regional connectivity to Amarillo and Lubbock. The surrounding area supports a stable residential base and offers access to local schools and community amenities. With its existing infrastructure and multiple structures, this property presents an opportunity for investors to enhance value through renovations, operational improvements, or adaptive reuse.
Located within Castro County, the property benefits from proximity to U.S. Highway 385, providing regional connectivity to Amarillo and Lubbock. The surrounding area supports a stable residential base and offers access to local schools and community amenities. With its existing infrastructure and multiple structures, this property presents an opportunity for investors to enhance value through renovations, operational improvements, or adaptive reuse.
Property Facts
| Price | $1,768,416 CAD | Building Class | C |
| Price Per Unit | $73,684 CAD | Lot Size | 3.50 AC |
| Sale Type | Investment | Building Size | 19,398 SF |
| No. Units | 24 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1987 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $1,768,416 CAD |
| Price Per Unit | $73,684 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 19,398 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1987 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 750 |
| 2+1 | 2 | - | 850 |
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Property Taxes
| Parcel Number | 0011713 | Improvements Assessment | $785,422 CAD |
| Land Assessment | $14,243 CAD | Total Assessment | $799,664 CAD |
Property Taxes
Parcel Number
0011713
Land Assessment
$14,243 CAD
Improvements Assessment
$785,422 CAD
Total Assessment
$799,664 CAD
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Dimmitt Apartments | 622 NW 5th St
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