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$2,950,000
1031 N SUMNER Street
Pampa, TX 79065-4634
MLS# 26-3459
51064 sqft


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Property Description
The Courtyard Apartments offer a 48-unit multifamily investment just one block off Highway 70 in Pampa, TX, with easy access to Highway 60 and nearby national retailers including Walmart, Tractor Supply, and Hobby Lobby. The property is 98% occupied with consistent collections and a strong tenant base. Trailing twelve-month performance shows $369,502 in gross income and $278,047 in NOI, delivering solid in-place cash flow. With below-market rents and operational upside, investors can increase NOI through rent growth and efficiencies. A rare opportunity to acquire a stabilized, high-yield asset in a supply-constrained market.

Details
Maps
Documents
Property Information
To Be Auctioned: No
Zone: 7000 - All areas in the 7000's
Photos are Virtually Staged: No
Realtor.COM Type: Multi-Family
List Price Per Sq. Ft.: 57.77
Source of Sq Ft: Appraisal District
Current Price: $2,950,000
List Price: $2,950,000
Area: 7220 - Pampa
Status: Active
Total SqFt. (+/-): 51064
Year Built: 1979
Taxes and Legal Information
City: Pampa
Legal: TRACT N & PSUBURBS 167
House #: 1031
Street Direction Pfx: N
Street Name: SUMNER
Street Sfx: Street
State/Province: TX
Postal Code: 79065-4634
County: Gray
Listing Info
L/A Supervisor Name: Bill Chudej
Supervisor's Phone #: 806-358-7151
L/A Supervisor License Number: 331043
Directions: From Hobart turn on Somerville then left on N Sumner. Property is on your right.
Roof
Composition: 1
Construction
Brick Veneer: 1
Property Features
Roof: Composition
Construction: Brick Veneer

Listing Office: FIMC Commercial Realty
Listing Agent: Kirk Chudej

Last Updated: April - 28 - 2026

Information deemed reliable but not guaranteed.