Apartment Buildings /TX /Howard County /Big Spring /1712 E 3rd St
Apartment Buildings /TX /Howard County /Big Spring /1712 E 3rd St

1712 E 3rd St - Apartments FOR SALE


Big Spring, TX 79720 | 
$2,500,000 USD
626-294-9900
1712 E 3rd St, Big Spring, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/20
null | 5.78% Cap Rate
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1712 E 3rd St
Big Spring, TX 79720

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HIGHLIGHTS

  • Great Location near College and Interstate
  • All Brand Units with Washer/Dryer
  • Plenty of Parking

OVERVIEW

Highlights: ? Fully renovated in 2023 – new systems, interiors, and Fire Marshal approved ? 16 fully leased 2BR units – modern finishes with in-unit washer/dryers ? 7% cap rate on current income – clean rent roll ? Pro forma supports a $3.27M valuation at market rents

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

5.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suites at Big Spring

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

300891

ASK ABOUT THIS PROPERTY

Michael McCoyVasTree Real EstateMore Info
626-294-9900

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Michael McCoyVasTree Real EstateMore Info
626-294-9900

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