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    Lea County, NM Apartment Buildings for Sale

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    Albuquerque, NM Santa Fe, NM Rio Rancho, NM Las Cruces, NM Farmington, NM Belen, NM Los Lunas, NM Clovis, NM
    12-Unit Apartment Community
    Updated: Jul 19, 2024
    12-Unit Apartment Community

    2315 N Jefferson Street, Hobbs, NM 88240

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    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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    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 1 Active listings in Lea County, NM, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

    Off-Market Properties in Lea County, NM

    Consider similar Off-Market properties in Lea County, 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
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