Current Use by Public Records
- Specialty properties
Property Details for 203/207 Clinton St
- Year built
- 1950
- Property type
- Specialty properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.138
- Latitude
- 32.7069
