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REO Sale | Blue Sky Ranch Apartments | 68% Occupied

Market Price

3304 West Highway 80, Big Spring, TX 79720

Active
Last Updated: 06/03/2025

34,304 sqft

Building Size

1.44 acres

Lot Area

Details:
Building Size:    34,304 sqft
Lot Area:    1.44 acres
Occupancy:    68%
Units:    50
Year Built:    1969
Floors:    2
Parking Spots:    60
Year Last Renovated:    2024
Description:

Ri Marketplace Online Auction July 14- 16
Register to bid on Marketplace:

https://rimarketplace.com/auction/2579/reo-sale-blue-sky-ranch-apartments-68-occupied?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2579

Houston Income Properties, KET Enterprises and RI Marketplace are pleased to present The Blue Sky Apartments (Subject Property). The Subject Property is a 50 unit, value add investment opportunity located in Big Spring, TX. Big Spring, Texas is in the heart of the Permian Basin and is approximately 40 miles east of Midland / Odessa. The property is a recent foreclosure and the current owner has made numerous repairs. There is good upside potential with continued improvements and by bringing 15 units back on line that the owner states need heavy make readies. The excellent location and upside of the property makes the asset a good play for a buyer that would like to own a property in the highest-producing oil field in the US.

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