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1200 E Broadway St
Hobbs, NM 88240

2 Apartment Complexes For Sale · Multifamily Property For Sale · 78 Units

PROPERTY FACTS

No. Units 78
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 4.64 AC
Building Size 36,488 SF
Average Occupancy 96%
No. Stories 1
Year Built 1995

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Wheelchair Accessible (Rooms)

ABOUT 1200 E BROADWAY ST , HOBBS, NM 88240

Property Description - SALE PRICE: $2,490,000 - CAP RATE: 8.9% - TOTAL UNITS: 45 total Seven (7) Four-plexes Seven (7) Duplexes Two (2) Single Family Homes One Office (home) can be rented - COUNTY: Lea County Hobbs is located in Lea County in the southeast corner of New Mexico. As of 2011,the population of Hobbs was 43,405 people. Sitting on some of the richest oil deposits within the Permian Basin, Lea County and other areas within the larger region are experiencing an energy boom once again. As a result, this has created a severe housing shortage in the area, included in this sale is additional acreage to the south of sunrise Homes where extra units could be built.

PROPERTY TAXES

  • Listing ID: 8791068

  • Date on Market: 8/22/2017

  • Last Updated:

  • Address: 1200 E Broadway St, Hobbs, NM 88240