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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Tricia Andrews

Tricia Andrews

+1(469) 422-8841
$ 2,600,000
Est. payment | /mo

18,356 SqFt

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

18,356 SqFt

Key Details

Property Type Other Types

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 50098472

Year Built 1969

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

Location

State TX

County Howard

Area Big Spring

Interior

Heating Central

Cooling Central Air, Electric

Appliance Electric Water Heater, Electric Range, Free-Standing Range, Refrigerator

Exterior

Parking Features Other-See Remarks

Utilities Available Electricity Connected

Roof Type Composition

Private Pool No

Building

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Moss

Middle Schools Big Spring

High Schools Big Spring

School District Big Spring

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://drive.google.com/file/d/1UIyiHJ11UFfXCiICR0l1gN-1UoLdzHPL/view?usp=drive_link

Listed by Legacy Real Estate

NEARBY SCHOOLS & PROPERTIES

Tricia Andrews

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

+1(469) 422-8841

tricia@localprorealty.com

700 Parker Sq, Mound, TX 75028, Unite States

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1712 3rd