901 E Michigan Ave | Hobbs, NM 88240
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901 E Michigan Ave
Hobbs, NM 88240
Cielo Vista Apartments · Multifamily Property For Sale
·
44 Units
PROPERTY FACTS
| No. Units | 44 | Lot Size | 2.53 AC |
| Property Type | Multifamily | Building Size | 34,800 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1962 |
| Zoning | none | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.53 AC |
| Building Size | 34,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | none |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 901 E MICHIGAN AVE , HOBBS, NM 88240
Well established apartment complex in Hobbs that is filling up fast. Rents are increasing and this is a great opportunity for the investors. Lots of upside with a great return possible . Projected rent pro forma as a 10 cap. Hobbs is growing in the oilfield again and rents are rising. Class C complex that could be turned into a class B with increasing returns . One seller is a licensed real estate agent.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 700 |
| 2+2 | 16 | - | 900 |
| 3+2 | 2 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 4000158400001 | Improvements Assessment | $483,545 |
| Land Assessment | $20,057 | Total Assessment | $503,602 |
PROPERTY TAXES
Parcel Number
4000158400001
Land Assessment
$20,057
Improvements Assessment
$483,545
Total Assessment
$503,602
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