Santa Rita Homes
$4,700,000
1306 E 12th St, Big Lake, TX 76932
34,846 sqft
Building Size
0.1628 acres
Lot Area
Details:
Highlights:
- - ~$690k Collected Income
- - 92% Long Term Avg. Occupancy
- - Local Staff
- - 2019 Construction
Description:
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 has maintained average occupancy of over 92% since its construction. In 2024, the property saw nearly $690,000 in collected income. 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, diverse corporate leases, and a lack of competing rental supply in a high-demand market.
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.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum - Santa Rita Townhomes | ||
| Execute_Buildout_CA.pdf | ||
| Execute_Buildout_CA.pdf |
Location
Gallery
