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Dimmitt Apartments 622 NW 5th St 24 Unit Apartment Building $1,812,707 CAD ($75,529 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 | $1,812,707 CAD | Lot Size | 3.50 AC |
| Price Per Unit | $75,529 CAD | Building Size | 19,398 SF |
| Sale Type | Investment | Average Occupancy | 92% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B1 - Residential Multi-Family | ||
| Price | $1,812,707 CAD |
| Price Per Unit | $75,529 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 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B1 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 750 |
| 2+1 | 2 | - | 850 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0011713 | Improvements Assessment | $804,348 CAD |
| Land Assessment | $14,586 CAD | Total Assessment | $818,934 CAD |
Property Taxes
Parcel Number
0011713
Land Assessment
$14,586 CAD
Improvements Assessment
$804,348 CAD
Total Assessment
$818,934 CAD
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Presented by
Kamy Real Property Trust
Dimmitt Apartments | 622 NW 5th St
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