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Property profile & analytics
OFF-MARKET
Specialty properties

203/207 Clinton St Hobbs, NM 88240

Built 1950
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Year built 1950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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