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Amarillo, TX 79119
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$2,800,000
120 S RUSSELL Street
Pampa, TX 79065-6452
MLS# 26-6934
34257 sqft
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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.

Details
Maps
Property Information
Current Price: $2,800,000
To Be Auctioned: No
List Price: $2,800,000
Zone: 7000 - All areas in the 7000's
Area: 7220 - Pampa
Status: Active
Realtor.COM Type: Multi-Family
Total SqFt. (+/-): 34257
List Price Per Sq. Ft.: 81.74
Year Built: 1928
Source of Sq Ft: Appraisal District
Photos are Virtually Staged: No
Taxes and Legal Information
House #: 120
Street Direction Pfx: S
Street Name: RUSSELL
Street Sfx: Street
State/Province: TX
Postal Code: 79065-6452
County: Gray
Legal: TR A ORIGINAL TOWNRESERVE
Listing Info
L/A Supervisor Name: Jarec pace
Supervisor's Phone #: 8066729579
L/A Supervisor License Number: 652486
Directions: On the corner of S Frost and E Foster in Pampa TX.
Income
Gross Income: 212350
Net Oper Income: 128392
Heating
Other Heat: Boiler
Cooling
Other Cool: Chiller
Property Features
Unit Features: Common Outside Entry; Handicap Access
Common Amenities: Central Laundry; Communty Center; Elevator(s)
Appliances: Oven; Refrigerator
Listing Office: Pace Realty Group
Listing Agent: Jarec Pace

Last Updated: August - 29 - 2026

Information deemed reliable but not guaranteed.

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