Advertise
    Hobbs, NM
    Apartment Building

    Hobbs, NM Apartment Buildings for Sale

    Notify Me
    List
    Map
    Monument, NM Eunice, NM
    12-Unit Apartment Community
    Updated: Jul 19, 2024
    12-Unit Apartment Community

    2315 N Jefferson Street, Hobbs, NM 88240

    Contact for pricing
    12‑unit apartment community built in 1979 in Hobbs, NM, positioned near major employers and retail opportunities.
    Current average rents are $594/month based on an ask price of $840,000.
    Investment performance metrics include 9.82 GRM and 6.88% cap rate (before reserves, before tax).
    IRR figures reported: 20.4% before tax and 16.6% after tax (based on the provided ask price and rents).
    Renovation/rehabilitation financing noted through the Ventana Fund, with a base interest rate of 5.35% (per provided terms).
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Apartment Building for sale in Hobbs, NM. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    8-Unit Duplex Apartment Property
    8-Unit Duplex Apartment Property

    2517-27 Roper St, Odessa, TX 79761

    $799,900
    8,167 sqft 1.05 AC lot

    Layouts include two-bedroom, three-bedroom, and efficiency units.

    View details
    Furnished 14-Unit Apartment Building
    Furnished 14-Unit Apartment Building

    2405 Kermit Hwy, Odessa, TX 79761

    $1,150,000
    6,522 sqft 0.39 AC lot

    A compact multifamily property with furnished units and an established apartment configuration.

    View details
    6-Unit Townhome Property
    6-Unit Townhome Property

    1010 N Eva Ave #A-F, Monahans, TX 79756

    $1,290,000
    6,600 sqft

    Recently completed residential units are situated in Monahans with access to highway routes and oilfield operations.

    View details
    Turnkey Multifamily Apartment Building
    Turnkey Multifamily Apartment Building

    1500 N MAIN, Monahans, TX 79756

    Contact for pricing
    11,000 sqft 0.64 AC lot

    For sale multifamily building featuring 12 newly built units on a 0.64-acre site in Monahans, Texas.

    View details

    Off-Market Properties in Hobbs, NM

    Consider similar Off-Market properties in Hobbs, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2315 Jefferson St
    Multifamily properties

    2315 Jefferson St, Hobbs, NM 88240

    Estimated value: by Request
    6,330 sqft 0.45 AC lot
    View details

    Hobbs, NM Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Hobbs, NM on our real estate platform.

    List
    Map

    Demographics Overview

    Population 50K
    Population Growth (5Y) +4.5%
    Median Household Income $69,020
    College Educated 12.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $10.31 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Hobbs, NM

    Popular Categories

    Most Searched ZIP Codes in Hobbs, NM

    • 88240

    Featured Hobbs Real Estate Agencies

    Realmo connects you with licensed Hobbs CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Robinson & Associates Real Estate
    3319 N. Grimes Suite B Hobbs, NM 88240
    Phone: (575) 392-0266
    www.leacountyhomes.com
    Burkett-Shaw Realty
    5610 North Grimes Hobbs, NM 88242
    Phone: (575) 399-0272
    www.burkettshawrealty.com/
    Why this one?
    Saved

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!