Santa Rita Homes | 1306 E 12th St
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Santa Rita Homes 1306 E 12th St
31 Unit Apartment Building For Sale Big Lake, TX 76932
Investment Highlights
- 9.1% Cap Rate (T12)
- 100% Occupancy
- 2019 Construction
- Local Staff
Executive Summary
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.
Property Facts
| Sale Type | Investment | Lot Size | 0.97 AC |
| No. Units | 31 | Building Size | 26,676 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2016 |
| Building Class | C | Parking Ratio | 7.46/1,000 SF |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 26,676 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 7.46/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Satellite TV
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 720 |
| 2+2 | 18 | - | 962 |
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PROPERTY TAXES
| Parcel Number | 2096 | Improvements Assessment | $1,159,136 |
| Land Assessment | $60,000 | Total Assessment | $1,219,136 |
PROPERTY TAXES
Parcel Number
2096
Land Assessment
$60,000
Improvements Assessment
$1,159,136
Total Assessment
$1,219,136
-
Power Broker Greg Brownd -
Go-Getters - Multifamily
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Santa Rita Homes | 1306 E 12th St
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