Contacts
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Property Details
- Property Type Other
- Units 24
- Additional Rent Contact for pricing
- Year Built 1978
- Date Updated Dec 20, 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.
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.
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
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.
