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Santa Rita Homes

$4,700,000

1306 East 12th Street, Big Lake, TX 76932

Active
Last Updated: 03/26/2025

34,846 sqft

Building Size

31

Units

Details:
Building Size:    34,846 sqft
Units:    31
Occupancy:    100%
Year Built:    2019
Floors:    1
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 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.


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.


9.1% Cap Rate (T12)
2019 Construction
100% Occupancy
Local Staff

Map:
Documents:
Title
Santa Rita Townhomes Offering Memorandum
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Location
Gallery