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Multifamily Property with Owner Finance
For Sale
$1,200,000

210 W DUNNAM ST, Hobbs, NM 88240

15-unit multifamily property with potential for expansion and owner financing.

Property SizeContact for details
Days on Market693

Property Features for 210 W DUNNAM ST

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $14,953

Building Details

Year Built 1950
Listing Agency: Found Real Estate
Listed By: Matthew T Smith · License #REC-2023-0297
Source: Wendymiletarealtor
Added: Sep 30, 2024 Changed: Aug 23 Last Checked: Aug 22 at 9:34AM

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 Found Real Estate

Investment Insights

Based on property information with market context.

This multifamily property features 15 units with an average rent of $900 per month. The seller covers the water expenses. There is potential to add more units on the bottom story. Owner financing is available.

Key Highlights

  • Owner financing available
  • Opportunity to add more units on the bottom story
  • 15 Units already in place

Property Analytics

Current Use

Frontier Executive Apartment ... Apartment Complex

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

799
Businesses Nearby

Demographics for 88240, NM

42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 15-unit multifamily property with potential for expansion and owner financing.
Where is this apartment building located?
The property is located at 210 W DUNNAM ST Hobbs, NM.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Owner financing available; Opportunity to add more units on the bottom story; 15 Units already in place
More about this property
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