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
| MLS # | 177943 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 31 |
| Listing Provided By | Legacy Real Estate | Robert Wilson |
| SQ Feet | 18,356 |
|---|---|
| Acreage | 0.89 |
| Property | 3414 |
|---|
| State | TX |
|---|---|
| County | Howard |
| City | Big Spring |
| Zip Code | 79720 |
| Area | Big Spring |
| Community Name | Big Spring |
| Listing VS Median (in Big Spring) | |
Price: $2,600,000 low | high Med: $2,600,000 sqft: 18,356 low | high Med: 18,356 $ / sqft: $142 low | high Med: $142 On site: 31 low | high Med: 31 | |
| State | TX |
|---|---|
| County | Howard |
| City | Big Spring |
| Zip Code | 79720 |
| Area | Big Spring |
| Community Name | Big Spring |
| Listing VS Median (in Big Spring) | |
Price: $2,600,000 low | high Med: $2,600,000 sqft: 18,356 low | high Med: 18,356 $ / sqft: $142 low | high Med: $142 On site: 31 low | high Med: 31 | |