Contacts
Todd Clarke
New Mexico Apartment Advisors
Property Details
- Property Type Multi-Family
- Property Size 6,330 SF
- Units 12
- Lot Size 0.45 Acre
- Cap Rate % 6.88
- Additional Rent Contact for pricing
- Year Built 1979
- Date Updated Oct 25, 2024
On behalf of the owners, NM Apartment Advisors is excited to bring this Hobbs 12 unit community to market. Located in the middle of Hobbs NM which is the epicenter of NM’s energy plex, this property offers an amazing value add opportunity. Hobbs as a community has made major investments in expanding their quality of living including the addition of the $62 million, 160,000 square foot community center known as the CORE Center for Recreation excellence. Did you know NM is #2 in the country for oil production? Or that this market (Hobbs) is severely underserved for new housing? The property is an ideal candidate for renovation/rehabilitation Þnancing from the Ventana Fund (see page 7 for potential loan terms). Do not miss out on this amazing and rare opportunity to invest in one NM’s fastest growing areas!.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
-
Walk Score ®
-
Bike Score ®
Location
- City Hobbs, NM
- Zip Code 88240
- Market Albuquerque
Points of Interest
-
Bel Air Exxon
0.22 miles
-
Phillips 66
1.00 miles
-
Alon
1.04 miles
-
Valero
1.13 miles
-
Exxon
1.26 miles
-
Murphy USA
2.31 miles
-
Pilot
2.47 miles
-
Permian Lots
1.47 miles
-
Hobbs
1.42 miles
-
Days Inn by Wyndham Hobbs
1.70 miles
-
TownePlace Suites
1.92 miles
-
Fairfield Inns and Suites
1.98 miles
-
La Quinta Inn & Suites Hobbs 3.7
2.03 miles
-
Quality Inn & Suites
2.29 miles
-
Country Inn & Suites
3.91 miles
-
Lea County Inn
4.09 miles
-
Hampton
4.13 miles
-
Big Lots
0.19 miles
-
Albertsons
1.15 miles
-
JCPenney
1.27 miles
-
Stage
1.27 miles
-
Thriftway
1.30 miles
-
La Tienda
2.07 miles
-
Walmart Supercenter
2.43 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Todd Clarke
New Mexico Apartment Advisors