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2517 8th Ave
Canyon, TX 79015
Mesa Verde Apartments · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.64 AC |
| Property Type | Multifamily | Building Size | 9,180 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | ||
| Zoning | MF | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 9,180 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
ABOUT 2517 8TH AVE , CANYON, TX 79015
Mesa Verde Apartments is a 16 unit apartment community located in Canyon, TX and is only 0.4 miles from the West Texas A&M University campus. It is a one-story complex with pitched, composition roofs that were replaced in 2016. This is an ideal investment for someone looking to expand their portfolio locally or as a new investment into a growing college community. Canyon has a population of approximately 15,000 and is located 10-15 minutes south of Amarillo (population close to 200,000). The top two ways to increase NOI by apx. $11,300 are to: 1. Improve occupancy to market rate of 93.0% 2. Reduce landscaping expenses from $4,558 to $1,040
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $475.00 | 530 |
| 1+1 | 9 | $490.00 | 560 |
| 2+1 | 5 | $570.00 | 700 |
PROPERTY TAXES
| Parcel Number | R-009-2150-1680-0 | Improvements Assessment | $331,731 |
| Land Assessment | $25,091 | Total Assessment | $356,822 |
PROPERTY TAXES
