1712 E 3rd, Big Spring, TX 79720

$2,600,000
: 18,356
SqFt

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List Price: $2,600,000
Status: ACTIVE
MLS#: 50098472
Living Area: 18,356
Lot Size (Acres): 0.89
Year Built: 1969

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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 creates a .6.66 Percent CAP Rate which could be brought up to over an 8 percent CAP rate with slight rent increases.

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Additional Information

Area: Big Spring
Subdivision: Big Spring
Taxes: $3,414
Heating: Central
Cooling: Central Air, Electric
Roof: Composition
Utilities: Electricity Available
Water: Public
Sewer: Public Sewer