1712 E 3rdBig Spring, TX 79720
Big Spring · Howard County
$2,600,000List price
18,356Sq Ft
1969Year built
0.89Acre lot
6 days agoOn market
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
Property Information
- Property type
- Commercial Sale
- Sub-type
- Apartment
- Year built
- 1969
- Living area
- 18,356 Sq Ft
- Lot size
- 0.89 acres
- Days on market
- 6
- MLS® Listing#
- 177943
Property Features
- Fencing
- Other
- Construction
- Wood Siding
- Roof
- Composition
- Utilities
- Water Connected · Sewer Connected · Electricity Connected
Financial Details
- HOA
- None
- Annual taxes
- $3,415
- Parcel number
- 300891
Directions
Exit 174 East off of I-20. Go approximately 5 miles on 3rd until you come to property on left.
Listing Courtesy: Legacy Real Estate - 4326876500
Presented by: Robert Wilson
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of the Odessa Board of Realtors.IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be usedfor any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate buy the MLS.
