203/207 Clinton St Hobbs, NM 88240
This exceptional investment opportunity presents a fully leased four-unit multi-family property located at 203/207 W Clinton Street, Hobbs, New Mexico, 88240. The property, built in 1950, sits on a substantial 15,680 square foot lot. Currently generating consistent income, all four units are occupied by established tenants under existing leases, providing a turnkey investment experience for the new owner. This presents a stable and reliable cash flow stream from day one. The property's location in Hobbs, Lea County, New Mexico, offers a desirable setting for tenants. The asking price for this prime investment is $270,000. This multi-family property represents a strong addition to any investor's portfolio, offering immediate returns and long-term potential. The property's solid construction and consistent occupancy history make it an attractive option for those seeking a low-maintenance, high-yield investment. The property is classified as Special Purpose.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.