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Multifamily Property with Owner Finance
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210 W Dunnam Street, Hobbs, NM 88240

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

Property SizeContact for details
Days on Market691

Property Features for 210 W Dunnam Street

General Information

Standard status Active
Class C
Property subtype Multifamily
Occupancy 100%
Investment Type Value Add
Net Operating Income $138,275

Building Details

Buildings 1
Stories 2
Units 15
Listing Agency: FOUND REAL ESTATE
Listed By: Matthew Smith · License #REC-2023-0297
Source: Crexi
Added: Oct 1, 2024 Changed: Aug 10 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
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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 Street 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
(575) 441-3880 Call to check price and availability
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