Contacts
Sean Scott
GREA
Angel Flores
GREA
Ryan Quaid
GREA
Property Details
- Property Type Other
- Units 24
- Additional Rent Contact for pricing
- Year Built 1978
- Date Updated Nov 4, 2024
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.
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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.
Getting around
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61/100
Walk Score ®
-
66/100
Bike Score ®
Location
- City Canyon, TX
- Neighborhood Canyon
- Zip Code 79015
- Market Amarillo
Points of Interest
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Toot'n Totum
0.14 miles
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United Express
0.27 miles
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Phillips 66
0.39 miles
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Allsups Convenient Store
0.42 miles
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Valero
0.75 miles
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Pac-a-Sac Convenient Store
0.94 miles
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Murphy USA
1.27 miles
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The CAP! Canyon Aqua Park Parking Lot
0.80 miles
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The CAP! Canyon Aqua Park Employee Parking Lot
0.80 miles
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paddock
8.42 miles
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Buffalo Inn
0.17 miles
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Hudspeth House Bed & Breakfast
0.35 miles
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Best Western Palo Duro Canyon Inn & Suites
0.39 miles
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Holiday Inn Express & Suites Canyon
0.50 miles
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Hampton Inn & Suites Canyon
0.58 miles
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Holiday Inn Express & Suites
9.35 miles
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Motel 6
9.53 miles
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Comfort Suites
9.60 miles
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United Supermarkets
0.35 miles
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Walmart Supercenter
1.23 miles
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Palo Duro RV Park General Store
2.18 miles
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Trading Post
5.89 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.