4 Apartment Complexes For Sale Great Investment

Multi-Family for Sale
Catylist Listing ID: 28622642
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 45 Units
Building Size (RSF): 36,488 SF
Gross Building Area: See Agent
Sale Price: $2,490,000
Unit Price: $55,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

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.

Attachments & Media

Additional Details

Nearest MSA: Hobbs
County: Lea

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,857 31,449 34,091
Median Age: 28.31 30.69 31.28
Households: 2,995 10,934 12,071
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