My partners and I are selling a 16-unit property in Big Spring, Texas — fully rebuilt from the studs in 2023 following a fire. It’s stabilized, cash-flowing, and turnkey.
Highlights:
Fully renovated in 2023 – new systems, interiors, and Fire Marshal approved
16 fully leased 2BR units – modern finishes with in-unit washer/dryers
7% cap rate on current income – clean rent roll
Pro forma supports a $3.27M valuation at market rentsI’ve attached the offering memorandum with details. If you or a buyer contact would like more information, we would be happy to schedule a call.
Nice work, Michael — that’s a solid-looking asset, and Big Spring’s rental market has been trending up. Always great to see turnkey multifamily opportunities like this.
I’m expanding my network of multifamily investors in Texas — would be great to stay connected.