12-Unit Apartment
2315 N Jefferson Street Hobbs, NM 88240
For Sale
Contact for pricing
Pending
For sale 12-unit apartment community in Hobbs, New Mexico, positioned near major employers and retail opportunities.
Days on Market736
Property Features for 2315 N Jefferson Street
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Jul 19, 2024
Changed: Jul 23
Last Checked: Jul 24 at 5:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This 12-unit apartment community is offered for sale at 2315 N Jefferson Street in Hobbs, New Mexico. The property is described as a residential income asset within close proximity to major employers and retail opportunities.
The Hobbs area has seen recent investment in expanding local amenities, including the addition of the $62 million, 160,000 square foot CORE Center for Recreation. The seller notes the broader market is underserved for new housing.
As presented in the marketing materials, the property’s investment performance measures are currently calculated using stated average rents and a stated ask price, with additional scenarios discussed for potential rent increases and renovation/rehabilitation financing opportunities.
The Hobbs area has seen recent investment in expanding local amenities, including the addition of the $62 million, 160,000 square foot CORE Center for Recreation. The seller notes the broader market is underserved for new housing.
As presented in the marketing materials, the property’s investment performance measures are currently calculated using stated average rents and a stated ask price, with additional scenarios discussed for potential rent increases and renovation/rehabilitation financing opportunities.
Key Highlights
- 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).
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - For sale 12-unit apartment community in Hobbs, New Mexico, positioned near major employers and retail opportunities.
Where is this apartment building located?
The property is located at 2315 N Jefferson Street Hobbs, NM.
What are key features of this property?
This property features: 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).
