Santa Rita Homes

1306 E 12th St, Big Lake, TX 76932

  • For Sale $4,700,000
  • 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 Dec 10, 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

Contacts

broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial

Location

Getting Around

  • Walk Score ®

    12/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Kent Convenience Store

    0.65 miles

  • DQ Grill & Chill

    0.68 miles

  • Las Cazadores

    0.82 miles

  • Sonic

    0.86 miles

  • Subway

    0.93 miles

  • Buritos

    0.94 miles

  • Sugar Creek

    0.97 miles

  • Bryzy's Mexican Food

    1.02 miles

  • Mexican Food Truck

    1.08 miles

  • Reagan County High School

    0.09 miles

  • 4H Building

    0.34 miles

  • Reagan County Middle School

    0.57 miles

  • Reagan Co Middle School

    0.83 miles

  • Reagan County Elementary

    0.84 miles

Frequently Asked Questions

How much does Santa Rita Homes cost?

The space currently listed for sale at Santa Rita Homes asks for $4,700,000.

What is the total square footage of Santa Rita Homes?

Santa Rita Homes totals 34,846 square feet.

When was this property built?

Santa Rita Homes was built in 2019.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial