1712 3rd, Big Spring, TX 79720
1712 3rd, Big Spring, TX 79720
1712 3rd, Big Spring, TX 79720
1712 3rd, Big Spring, TX 79720
1712 3rd, Big Spring, TX 79720
1712 3rd, Big Spring, TX 79720
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Laura Johnson

Laura Johnson

+1(806) 805-4677
$ 2,600,000
Est. payment | /mo

18,356 SqFt

Save
$ 2,600,000
Est. payment | /mo
Save

18,356 SqFt

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

Nearby Locations

Laura Johnson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(806) 805-4677

laura.johnson@exprealty.com

Lubbock, TX 79424, USA

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1712 3rd