1104 W 3rd St - Apartments FOR SALE


Big Spring, TX 79720
$1,050,000 USD
801-787-1675
1104 W 3rd St, Big Spring, TX for Sale
$1,050,000 USD
Apartments - FOR SALE
1/72
null | 11.62% Cap Rate

1104 W 3rd St
Big Spring, TX 79720


HIGHLIGHTS

  • Heart of Big Spring Texas
  • Completely remodeled and finished in 2025
  • Easy to lease up

OVERVIEW

TOTAL renovation completed in February 2025. 17-unit complex with a proforma NOI of ~122k, and selling at a CAP rate of 10.9%. This property has all new plumbing from the street and inside of the units. It has all new electrical, and each unit has an energy efficient ~22 SEER mini split system. All units have new waterproof laminate, bathrooms, kitchens and full bathrooms! This property is perfect for individuals, workers, or small families. Rent ranges anywhere from 800-1300 a unit depending on the size. There is even a single-family home on the property in great condition with a carport. We have started to lease up the property but we are willing to stop or continue based on buyer's preference. This is an all bills paid property with internet costing a total of $60 a month wired to each unit. New Stoves, refrigerators and mini splits are included in the sale. Property also has a washer and dryer room that is available to be hooked up to add more income. With the new Port to Plains Initiative, increased demand for oil and proximity to Midland and Odessa, this is a great opportunity! Please text 801-787-1675 for more info!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

17

PRICE/UNIT

$61,765

CAP RATE

11.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,005 SF

ZONING

-

APN/PARCEL ID

282269

ASK ABOUT THIS PROPERTY

Peter FifeFife VenturesMore Info
801-787-1675

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Peter FifeFife VenturesMore Info
801-787-1675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.