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    Seminole, TX Monument, NM Eunice, NM Lovington, NM Denver City, TX
    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).
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Fully Furnished 14-Unit Apartment Complex
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    $1,150,000
    6,522 sqft

    Turnkey, fully furnished 14-unit apartment complex designed for immediate occupancy and income generation.

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    West Odessa Income Property
    West Odessa Income Property

    12715 W 3rd St, Odessa, TX 79763

    $550,000
    6,375 sqft 2.50 AC lot

    17-bedroom income property on 2.5 acres in West Odessa.

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    Remodeled 5-Unit Apartment Building
    Remodeled 5-Unit Apartment Building

    808 N Roselawn Ave, Artesia, NM 88210

    $599,000
    0.08 AC lot

    Updated multifamily property with renovated interiors, refreshed exteriors, and practical in-unit features.

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    Remodeled Apartment Building with Five Units
    Remodeled Apartment Building with Five Units

    808 N Roselawn Ave, Artesia, NM 88210

    $599,000

    Five remodeled 2-bedroom, 1-bath apartments with new flooring, paint, split units, and updated electrical.

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    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:
    No data
    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.

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    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%

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