1712 E 3rd, Big Spring, TX 79720
sale
$2,600,000
|
Apartment
Courtesy Of LEGACY REAL ESTATE MIDLAND
Fully renovated 16-unit multifamily apartment complex in a prime location near Howard College in Big Spring, Texas. The building was fully renovated in 2023. Big Spring is part of the Permian Basin Oil and Natural Gas industry creating strong, stabilized cash flow in the growing West Texas market. This complex is 100% leased(as of this writing) with an active waiting list, reflecting sustained rental demand. Based on a T-3 pro forma (May-July 2026), the annualized NOI of .6.66 CAP Rate. An 8 CAP rate is possible with a slight increase in rental
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Property Features
- Age: Over 50 Years Old
- Appliance: Individual AC Units
- Appliance: Individual Heating Units
- Exterior Type: Wood Construction
- Exterior Type: Wood Studs
- MLSID: 177943
- Roof Type: Composition
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