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Listed price in listed location currency (USD).
$2,600,000

000

MLS® 50098472

Overview

Key Facts

Type Apartment
Levels Residential Income
Size 18356 sqft
Garage 
Maintenance Fees 
Taxes $3,415
Days Active 0
Approx. Age 1969
Avg. Price Per Sqft $141
MLS® Number 50098472

Property Address: 1712 E 3rd, Big Spring, TX, 79720

Average square foot calculated using Size range provided by listing agent.

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 creates a .6.66 Percent CAP Rate which could be brought up to over an 8 percent CAP rate with slight rent increases.
MLS® Number50098472
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1969
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air, Electric

Extras

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