- For Sale $2,760,000
- Property Type Other
- Units 48
- Additional Rent Contact for pricing
- Year Built 1965
- Date Updated Dec 18, 2024
Pepper Tree and Four Seasons Apartments is a 48-unit, partially renovated multifamily community located in Canyon in Randall County, Texas. Built in 1965 & 1977 and situated on 1.44 acres, the property is improved with 7 two-story apartment buildings with brick siding and pitched roofs.
Pepper Tree and Four Seasons Apartments offers open and spacious one- and two-bedroom units featuring full kitchens equipped with white appliances, formica countertops, faux hardwood flooring, spacious bedrooms, and new paint. Ample open surface parking is provided, and community amenities include a laundry facility and courtyards with barbecue grills.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime location next to 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 Ponderosa are within blocks from the property.
- 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.
- Amarillo is the second fastest growing mid-sized city in the nation.
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Contacts
Location
Getting Around
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Walk Score ®
65/100
Somewhat Walkable
-
Bike Score ®
67/100
Bikeable
- City Canyon, TX
- Neighborhood Canyon
- Zip Code 79015
- Market Amarillo
Points of Interest
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Toot'n Totum
0.05 miles
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Allsups Convenient Store
0.29 miles
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United Express
0.33 miles
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Phillips 66
0.52 miles
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Valero
0.68 miles
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Pac-a-Sac Convenient Store
0.80 miles
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Murphy USA
1.36 miles
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The CAP! Canyon Aqua Park Parking Lot
0.64 miles
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The CAP! Canyon Aqua Park Employee Parking Lot
0.65 miles
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paddock
8.59 miles
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Buffalo Inn
0.08 miles
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Hudspeth House Bed & Breakfast
0.21 miles
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Best Western Palo Duro Canyon Inn & Suites
0.54 miles
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Holiday Inn Express & Suites Canyon
0.65 miles
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Hampton Inn & Suites Canyon
0.72 miles
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Holiday Inn Express & Suites
9.46 miles
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Motel 6
9.64 miles
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Comfort Suites
9.71 miles
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Wendy's
0.04 miles
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Chop Chop Japanese Steakhouse
0.05 miles
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Buffs
0.06 miles
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Best Thai Restaurant
0.11 miles
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Flex Nutrition
0.13 miles
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McDonald's
0.15 miles
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Taco Bell
0.18 miles
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Pizza Hut
0.20 miles
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Whataburger
0.22 miles
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Thai Kitchen
0.24 miles
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West Texas A&M University
0.25 miles
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Reeves Hinger Elementary
0.49 miles
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Midway Alternative High School
0.73 miles
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Canyon High School
0.89 miles
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Canyon Junior High School
1.00 miles
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Canyon Intermediate School
1.07 miles
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Crestview Elementary School
1.44 miles
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Lakeview Elementary School
5.51 miles
Frequently Asked Questions
The space currently listed for sale at Four Seasons & Pepper Tree asks for $2,760,000.
Four Seasons & Pepper Tree totals 36,196 square feet.
Four Seasons & Pepper Tree was built in 1965.
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