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
Parcel Numbers |
Multiple
|
Improvements Assessment | $770,970 |
Land Assessment | $34,650 | Total Assessment | $805,620 |
Learn More About Investing in Apartment Buildings
Listing ID: 8791068
Date on Market: 8/22/2017
Last Updated:
Address: 1200 E Broadway St, Hobbs, NM 88240
The Multifamily Property at 1200 E Broadway St, Hobbs, NM 88240 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.