- For Sale $1,125,000
- Property Type Other
- Units 24
- Year Built 1978
- Date Updated Apr 26, 2024
- Website ponderosa.sharplaunch.com
Ponderosa Apartments is a 24-unit, partially renovated multifamily community located in Canyon in Randall County, Texas. Built in 1978 and situated on .68 acres, the property is improved with a single two-story apartment building with brick siding and flat roofs.
Ponderosa Apartments offers open and spacious one-bedroom units featuring full kitchens equipped with white appliances, formica countertops, faux hardwood flooring, updated cabinetry, spacious bedrooms, and new paint. Ample open surface parking is provided.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime location near WTAMU campus. WTAMU has an enrollment of over 10,000 and has recently added a state of the art football stadium with capacity for 12,000 and a 150,000 sqft Agricultural Sciences Center.
- There is an opportunity to add immediate scale by purchasing one or more of the other properties in the portfolio. E.g., Park View and Pepper Tree & Four Seasons are within blocks from the property.
- Amarillo is the second fastest growing mid-sized city in the nation.
- Competing properties have waitlists and similar units rent at higher amounts. New ownership can take a hands-on approach to increase income.
- Amarillo performs exceptionally well during economic slowdowns. The local economy increased 3.8% over Covid while the national economy shrank 2.8%.
- There are numerous major economic projects slated to add over 4,500 jobs to the local economy in the next few years, including Producer Owned Beef building a $670M facility, as well as a new Amazon Fulfillment Center which will employ 500 workers.
False
Contacts
Location
Getting Around
-
Walk Score ®
61/100
Somewhat Walkable
-
Bike Score ®
66/100
Bikeable
- City Canyon, TX
- Neighborhood Canyon
- Zip Code 79015
- Market Amarillo
Points of Interest
-
Toot'n Totum
0.14 miles
-
United Express
0.27 miles
-
Phillips 66
0.39 miles
-
Allsups Convenient Store
0.42 miles
-
Valero
0.75 miles
-
Pac-a-Sac Convenient Store
0.94 miles
-
Allsups Convenient Store
1.26 miles
-
Murphy USA
1.27 miles
-
Toot'n Totum
1.70 miles
-
Toot'n Totum
9.44 miles
-
The CAP! Canyon Aqua Park Parking Lot
0.80 miles
-
The CAP! Canyon Aqua Park Employee Parking Lot
0.80 miles
-
paddock
8.42 miles
-
Buffalo Inn
0.17 miles
-
Best Western Palo Duro Canyon Inn & Suites
0.39 miles
-
Holiday Inn Express & Suites Canyon
0.50 miles
-
Holiday Inn Express & Suites
9.35 miles
-
Motel 6
9.53 miles
-
Comfort Suites
9.60 miles
-
Chick-fil-A
0.11 miles
-
Best Thai Restaurant
0.16 miles
-
Flex Nutrition
0.16 miles
-
McDonald's
0.17 miles
-
Wendy's
0.18 miles
-
Chop Chop Japanese Steakhouse
0.19 miles
-
Pizza Hut
0.20 miles
-
Donut Stop
0.21 miles
-
Fat Boys BBQ
0.23 miles
-
SUBWAY Restaurants
0.25 miles
-
West Texas A&M University
0.08 miles
-
Reeves Hinger Elementary
0.64 miles
-
Midway Alternative High School
0.84 miles
-
West Texas A&M University
0.85 miles
-
Canyon High School
0.99 miles
-
Canyon Junior High School
1.17 miles
-
Canyon High School
1.21 miles
-
Crestview Elementary School
1.40 miles
-
Lakeview Elementary School
5.38 miles
-
Nance Ranch - West Texas State University
6.91 miles
Frequently Asked Questions
What is the lease rate for Ponderosa?
Rental asking rate at Ponderosa is $562,500.00/YR.
What is the total square footage of Ponderosa?
Ponderosa totals 29,621 square feet.
When was this property built?
Ponderosa was built in 1978.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
