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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#: 177943
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 of .6.66 CAP Rate. An 8 CAP rate is possible with a slight increase in rental

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Additional Information

Area: Big Spring
Subdivision: Big Spring
Taxes: $3,414
Roof: Composition
Utilities: Water Connected, Sewer Connected, Electricity Connected, Individual Electric Meter