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- LoopNet Team
1200 E Broadway St
Hobbs, NM 88240
2 Apartment Complexes For Sale · Multifamily Property For Sale
·
78 Units
PROPERTY FACTS
| No. Units | 78 | Lot Size | 4.64 AC |
| Property Type | Multifamily | Building Size | 61,600 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | B | Year Built | 1995 |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.64 AC |
| Building Size | 61,600 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1995 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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 Number | 4000119790001 | Improvements Assessment | $646,357 |
| Land Assessment | $15,887 | Total Assessment | $662,244 |
PROPERTY TAXES
