Santa Rita Homes
1306 E 12th St
Big Lake, TX 76932
Highlights
- 9.1% Cap Rate (T12)
- 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 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.
