900-902 Scurry Street
- Unit Mix: 8 units, each with 3 bedrooms and 1 bathroom
- Strong, stable tenant base with consistent occupancy and reliable rental history
- Ongoing updates as tenants turn over, including recently replaced windows, fresh paint, and new flooring in select units - current renovations completed as of March 2026
- Located on the same block as strong retail performers like HTeaO and Mr. Scrubs Wash, offering excellent commercial synergy and convenience
- Convenient location just minutes from downtown’s cultural district, as well as nearby grocery stores and retail centers
- The property is minutes from downtown Big Spring, providing easy access to local employment, shopping, and services. It is also approximately 10 minutes from Interstate 20 for convenient regional connectivity and within a 30-minute drive of Midland, a key employment hub in West Texas
- On-site parking available, providing ease and accessibility for residents
- Positioned in a market supported by diverse employment sectors, including AI infrastructure, oil and gas, and pipeline workforce demand
- Includes an experienced on-site maintenance manager, ensuring efficient property upkeep and high tenant satisfaction
Property Description
Sagewood Apartments is an 8-unit multifamily property located at 900–902 Scurry Street in Big Spring, offering stable income with upside potential. The property is currently 87% occupied with a strong, consistent tenant base, making it a solid opportunity for both investors seeking immediate cash flow and those looking to continue improving the asset. Built in 2000, the property sits on approximately 0.48 acres and features 7,238 square feet of leasable space. All units are three-bedroom, one-bath layouts with functional, open-concept living, dining, and kitchen areas, along with in-unit washer and dryer hookups—features that are highly desirable for long-term tenants in this market. The property has seen ongoing improvements, including recent window replacements, new flooring in select units, and fresh interior and exterior paint. There is also ample space on-site to accommodate shared parking for all residents, adding to the overall practicality and tenant appeal.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $850,000 |
| No. of Units: | 8 |
| Year Built: | 2000 |
| Lot Size: | 0.48 Acres |
| Opportunity Zone: | No |
| Price per unit: | $106,250 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout