1104 W 3rd St - Apartments FOR SALE


Big Spring, TX 79720
$1,200,000 USD
801-787-1675
1104 W 3rd St, Big Spring, TX for Sale
$1,200,000 USD
Apartments - FOR SALE
1/72
null | 9.85% 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 January 2025. 17-unit complex with a proforma NOI of 118k, and selling at a CAP rate of 9.85%. 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. 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 and refrigerators are included in the sale. Property also has a washer and dryer room that is available to be hooked up to add more income.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

17

PRICE/UNIT

$70,588

CAP RATE

9.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

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

B40-20-017000

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.