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27785165
27785192

1308 Scurry Street, Big Spring, TX 79720

NH
TX 745846, TX
Naj Hasan
Listed by Naj Hasan
$599,900
229 days on market
Updated 22 days ago
Opportunity zone

HISTORIC ROCK HOUSE & ROCK APARTMENTS ( Quadplex)

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 3,750
Net Rentable (SqFt) 3,750
Units 5
Cap Rate 5.32%
NOI $31,900
Occupancy 100%
Pro-Forma Cap Rate 9.1%
Pro-Forma NOI $54,600
Price per SqFt $160
Broker Co-Op Yes
Class A
Year Renovated 2024
Buildings 2
Stories 2
Acreage 0.241
Zoning Office & Commercial
Parking Spaces spaces
Investment Type Sale/Leaseback
Occupancy Date 11/07/2025
Ground Lease No
Ownership Co-owner is licensed real estate agent
Sale Condition For sale by owner

Multifamily | 5 Units | $119,980/unit

Marketing description

Historic Rock House (3 bedrooms/2 baths, Historic Rock Living Room, Laundry room & a Quadplex, of two apartments with 2 bedrooms with two baths and 2 apartments of one bedroom/ 2 baths each in the historic two story building. Complete remodeling and furnished in 2022. NEW ROOF , NEW SIDING & NEW PARKING LOT done in 2025, Short/ long term rentals to O&G and energy sector staff , traveling healthcare professionals & AirBNB rental income. 100% occupancy, low maintenance cost. Owners moved to DFW. Great investment property, self sustaining and Historic. Adjacent newly completed commercial parking lot negotiable for additional price. Call co-owner agent Naj Hasan 432-425-1286 for showing or more details. This is one of a kind high end residence in West Texas

Special Instructions: Notice requested for showing. Some owner short term financing available for Qualified buyer. Property manager intends to manage after sales if desired by new owner.

Investment highlights

  • Quadplex and a Ranch style house
  • Historic 3 bedrooms/2 baths house with living room, full kitchen, laundry and breakfast area.
  • 4 newly remodeled and fully furnished apartments with private entrances
  • One of a kind Historic but updated property in West Texas
  • In business district near Court House, banks and businesses
  • Built-in Cliental of Oil Refinery, State Hospital, Scenic Hospital visitors with other energy sectors travelers
  • Airbnb guests traveling between Austin to New Mexico (Pet friendliness gets a lot of guests)
  • New Highway coming by Big Spring to enhance more traffic to the City and increase of value and incomes
  • A COMMERCIAL PROPERTY, currently a rental house of 3 bed/2 baths with 2 lands lots can be added to the portfolio for an additional $275,000 if desired. That property 2305 Austin Street, Big Spring, TX 79720 is located on FM 700 between Sonic restaurant and Citizens Credit Union.

Listing Contacts

NH
TX 745846, TX
Naj Hasan
Listed by Naj Hasan

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$31,900.00
$2,658.33/mo

Valuation Metrics

0
DSCR
5.32%
Cap Rate
5.32%
ROI

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Additional Information

Name
Najam Hasan
License
0745846
Brokerage
Dash Realty LLC
Brokerage Phone
432-425-1286
Title
Broker of Record
Brokerage Address
13276 Research Blvd, #107 Austin, TX 78750
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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