Santa Rita Homes

For Sale

1306 E 12th St, Big Lake, TX 76932

This Big Lake property for sale is located at 1306 E 12th St. The current listed sale price for Santa Rita Homes is $4,700,000. Santa Rita Homes is situated on a lot that is 0.16 acre in size.

Contacts

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 34,846 SF
  • Units 31
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Year Built 2019
  • Date Updated Nov 7, 2024
The city of Big Lake is located 77 miles southeast of Midland and 71 miles west of San Angelo at the intersection of Highway 137 & Highway 67. Big Lake is known for their abundance of natrual resources. Top industry includes oil & gas, wind energy, solar energy, construction and more. The apartments are located directly across the street from Reagan County High School.The Go-Getters Multifamily Team is pleased to present the exclusive listing of the Santa Rita Homes located in Big Lake, TX. Completed in 2019, this 31-unit asset is priced at a 9.1% cap rate. The ideal investor in this opportunity is one who looks for consistent cash flows with low maintenance. This fully-furnished complex is the most desirable place to live for tenants in Big Lake. The consistent performance over the years can be attributed to the local staff, corporate leases, and a lack of competing rental supply in a high-demand market.

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Highlights

  • 9.1% Cap Rate (T12)
  • 92% Long Term Avg. Occupancy
  • Local Staff
  • 2019 Construction

Getting around

  • 12/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Big Lake, TX
  • Neighborhood Big Lake
  • Zip Code 76932

Points of Interest

  • Tesla Charging Station

    0.62 miles

  • Texaco gas pumps

    0.65 miles

  • Flying J

    0.69 miles

  • Reeder Gas Station

    0.93 miles

  • Gascard

    0.99 miles

  • Sunoco Gas Pumps

    1.13 miles

  • Sunoco

    1.15 miles

  • Best Western Inn

    0.62 miles

  • Lone Star Lodge

    0.64 miles

  • Mustang Motel

    0.69 miles

  • Full Service Motel

    0.70 miles

  • Cobblestone Inn & Suites

    0.71 miles

  • The Republic

    0.72 miles

  • Big Lake Inn & Suites

    1.02 miles

  • Derrick Inn Motel

    1.20 miles

  • Lowes' Grocery

    0.84 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial