2600 Hobart St Pampa, TX 79065
- Commercial real estate
Current Use by Public Records
- Lakeview Apartments / Apartment Building
Property Details for 2600 Hobart St
- Year built
- 1987
- Property type
- Commercial real estate
Description
Lakeview Apartments, a 50-unit multifamily property located at 2600 N Hobart St, Pampa, Texas 79065, presents a compelling value-add investment opportunity. This Class B apartment complex, built in 1987, consists of a single 16-building structure with two stories per building. Currently boasting 80% occupancy, the property offers 50 individual units, priced at $78,000 per unit for a total asking price of $3,900,000. The property is zoned MF (Multifamily). The seller is open to considering all offers and will entertain seller financing in a first lien position. This is an all-cash sale, however, the seller's willingness to consider financing provides flexibility for potential buyers. Detailed financial information is available upon request. The property's location in Pampa, Gray County, Texas, provides a solid foundation for a strong return on investment. This is an excellent opportunity to acquire a well-situated apartment complex with significant upside potential. Interested parties should inquire promptly for further details.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pampa
- County
- Gray
- State
- Texas
- Longitude
- -100.9713516
- Latitude
- 35.5672454
