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1712 3rd Big Spring, TX 79720
18,356 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 18,356 sqft
Price per Sqft $141
Subdivision Big Spring
MLS Listing ID 177943
Year Built 1969
Annual Tax Amount $3,414
Lot Size 0.890 Acres
Property Sub-Type Apartment
Property Description
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
Location
State TX
County Howard
Area Big Spring
Interior
Appliance Individual AC Units, Individual Heating Units
Exterior
Fence Other
Utilities Available Water Connected, Sewer Connected, Electricity Connected, Individual Electric Meter
Roof Type Composition
Private Pool No
Building
Lot Description Lighted Parking, Other - See Remarks
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Legacy Real Estate
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