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Santa Rita Homes 1306 E 12th St 31 Unit Apartment Building $3,900,000 ($125,806/Unit) 9.86% Cap Rate Big Lake, TX 76932
Investment Highlights
- 2016 vintage with low deferred maintenance cost — one of the newest assets in the region
- Strong unit mix: majority two-bedroom units with consistent rental rate performance
- Offered free and clear of existing debt
- 92.7% five-year average occupancy in a supply-constrained market with no competition
- All units come furnished, supporting premium rent positioning
- Only apartment community in Big Lake — sole multifamily option in the county
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $3,900,000 | Apartment Style | Garden |
| Price Per Unit | $125,806 | Building Class | C |
| Sale Type | Investment | Building Size | 26,676 SF |
| Cap Rate | 9.86% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 7.46/1,000 SF |
| Price | $3,900,000 |
| Price Per Unit | $125,806 |
| Sale Type | Investment |
| Cap Rate | 9.86% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 26,676 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 7.46/1,000 SF |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2096 | Improvements Assessment | $1,147,011 |
| Land Assessment | $60,000 | Total Assessment | $1,207,011 |
Property Taxes
Parcel Number
2096
Land Assessment
$60,000
Improvements Assessment
$1,147,011
Total Assessment
$1,207,011
Contacts
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Micah Bailey -
Andrew Kopenec -
Richard Waterhouse -
Matthews Real Estate Investment Services
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