12
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$2,800,000
Est. payment /mo
34,257 SqFt
New
120 S RUSSELL ST Pampa, TX 79065
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 34,257 sqft
Price per Sqft $81
MLS Listing ID 26-6934
Year Built 1928
Source Amarillo Association of REALTORS®
Property Description
Schneider House is a 54-unit apartment community in Pampa, Texas, Currently 88% occupied and generating in-place income across a stable, long-tenured resident base. An independent appraisal valued the property at $2.6M (As Is) even before ownership's recent capital improvements were completed, establishing a solid value floor ahead of the CapEx Program. Positive cashflow improvements can be made to monthly rent increases and utility bill backs.
Location
State TX
County Gray
Area 7220 - Pampa
Zoning 7000 - All areas in the 7000's
Direction On the corner of S Frost and E Foster in Pampa TX.
Interior
Appliance Refrigerator, Oven
Exterior
Amenities Available Elevator(s), Central Laundry, Communty Center
Listed Jarec Pace • Pace Realty Group
NEARBY SCHOOL & BUSINESS
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