622 NW 5th St - Apartments FOR SALE


Dimmitt, TX 79027
$1,300,000 USD
940-206-7223
622 NW 5th St, Dimmitt, TX for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

622 NW 5th St
Dimmitt, TX 79027


HIGHLIGHTS

  • 3.83-acre multifamily site with multiple buildings and redevelopment potential.
  • Accessible location near U.S. Highway 385, connecting to Amarillo and Lubbock.

OVERVIEW

This multifamily property in Dimmitt, Texas, spans 3.83 acres and includes multiple residential buildings totaling approximately 19,398 square feet. Constructed in 1988, the asset offers a low-density layout with ample open space, making it suitable for repositioning or redevelopment strategies. Located within Castro County, the property benefits from proximity to U.S. Highway 385, providing regional connectivity to Amarillo and Lubbock. The surrounding area supports a stable residential base and offers access to local schools and community amenities. With its existing infrastructure and multiple structures, this property presents an opportunity for investors to enhance value through renovations, operational improvements, or adaptive reuse.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

24

PRICE/UNIT

$54,167

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dimmitt Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

-

APN/PARCEL ID

0011713

ASK ABOUT THIS PROPERTY

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.