$2,600,000
( $141.64Per Sq Foot )
 $14,763 est/mo Sourced by Back At You

1712 E 3rd,Big Spring, TX 79720

Big Spring, TX 79720

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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

Details

MLS #177943
Listing TypeFor Sale
StyleApartment
Sub-TypeResale
StatusActive
Year1969
Days On Site31
Listing Provided ByLegacy Real Estate | Robert Wilson

Features

SQ Feet18,356
Acreage0.89

Taxes

Property3414

Area Information

StateTX
CountyHoward
CityBig Spring
Zip Code79720
AreaBig Spring
Community NameBig Spring
Listing VS Median (in Big Spring)
Price:
$2,600,000
low | high
Med:
$2,600,000
50% of Average
sqft:
18,356
low | high
Med:
18,356
50% of Average
$ / sqft:
$142
low | high
Med:
$142
50% of Average
On site:
31
low | high
Med:
31
100% of Average
Sourced by Back At You

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Learn More About This Property

StateTX
CountyHoward
CityBig Spring
Zip Code79720
AreaBig Spring
Community NameBig Spring
Listing VS Median (in Big Spring)
Price:
$2,600,000
low | high
Med:
$2,600,000
50% of Average
sqft:
18,356
low | high
Med:
18,356
50% of Average
$ / sqft:
$142
low | high
Med:
$142
50% of Average
On site:
31
low | high
Med:
31
100% of Average
Sourced by Back At You
Listing Updated: October 2, 2026 at 2:10:36 PM PDT